Tax Deduction At Source

if I am a company I have paid amount for a individual(he doesnt require to do tax audit)and amount is 500000 should I deduct 1 percent TDS.
Replies (7)
Quick Summary
This discussion clarifies Tax Deduction at Source (TDS) requirements for companies. Specifically, it addresses whether a company must deduct 1% TDS on a payment of £500,000 to an individual not requiring a tax audit. The advice given is that if the payment relates to carriage (transport) services and the individual owns more than 10 goods carriages, then TDS deduction under Section 194C at 1% is indeed liable.

What is The nature Of Payment to the individual Towards
Your query is not cleared...
Elobrate with correct details...
Exactly.. kindly elaborate your issue .
Nature of payment carriage(transport)
194C(6) – No deduction shall be made from any sum credited or paid or likely to be credited or paid during the previous year to the account of a contractor during the course of business of plying, hiring or leasing goods carriages, where such contractor owns ten or less goods carriages at any time during the previous year and furnishes a declaration to that effect along with his Permanent Account Number, to the person paying or crediting such sum.
He owns more than 10 Vehicles
Your Liable To Deduct Tds U/s 194c @ 1% Sir

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