Whether Transportation > 50000 Attract TDS ?
This query is : Resolved
Girish Bakhtyar
(Querist)
30 October 2010
Sir, Does the Transpostation cost in excess of Rs.50000/- Attract TDS
30 October 2010
If PAN provided no TDS otherwise TDS to be deducted u/s 194C.
Rates:
Individual/HUF @ 1%
Others 2% (upto 31.03.2010)
From 01.04.2010 TDS @ 20% in case PAN not provided.
Threshold Limit upto 30/06/2010:
Single payment 20000/-
Annual Payment 50000/-
Threshold Limit w.e.f 01/07/2010:
Single payment 30000/-
Annual Payment 75000/-
Rates:
Individual/HUF @ 1%
Others 2% (upto 31.03.2010)
From 01.04.2010 TDS @ 20% in case PAN not provided.
Threshold Limit upto 30/06/2010:
Single payment 20000/-
Annual Payment 50000/-
Threshold Limit w.e.f 01/07/2010:
Single payment 30000/-
Annual Payment 75000/-
CA Ketan Jain
(Expert)
31 October 2010
If PAN is provided then no TDS. If PAN is not provided then TDS is to be deducted @ of 20% as per section 206AA.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Employee secondment
- Ito add credit side of bank
- GSTR9 Annual Return
- Applicability of tax on invoice
- Form 144 TDS Return Validation error
- GST ITC as per notification 12/2023- central tax
- Rent agreement of House of deceased person
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Capital gain on commercial property and investment in residential property
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
