Tds against payment to company/partnership transporter

TDS shall not be deducted on payments to transporter if the following conditions are satisfied;

1. Transporter mentions his PAN in the Lorry Receipt/ Way bill.

2. Trasnporter gives a declaration that he does not own more than 10 vehicles.

In case of payments in excess of Rs. 35,000/-, it is better to make payment to trnasporter by an account payee cheque