If 'x' transport has less than 10 vehicles in his own name but he hires the vehicle from 'y' (outsider) for providing services to 'Z' and 'X' raised the transportation service bill to 'Z', then 'Z' is liable to deduct the TDS 194C ?
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Tds
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Dear Sir
As per section 194C of income tax act ( 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 than no tds shall be deducted)
If Mr. X has given a declaration for previous year alongwith his PAN than Mr. Z shall not be liable to deduct TDS.
And the Word "Owns" doen't includes Sub-Contract vehicles.
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