Sec 194c on transporters

174 views 1 replies

A. Y.  2017-18

1.If an individual is owning less than 10 trucks but aggregate value of billing for transportation to one party exceeds 1lacs..will tds u/s 194C vl b deducted? 

2.Further, if anyone is hiring ND NOT OWNING trucks nd using it for plying, hiring or leasing goods carriages..vl tds u/s 194c vl b deducted?

Is ownership of trucks mandatory for claiming exemption from tds? 

Replies (1)

1. No......

2. No declaration........ TDS applicable.........

Declartion mandatory,,,,,,,


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