Dear Sir,
We are Cargo Company providing transportation of goods by Air & Train. It is a proprietorship firm. We do deal with companies and factories only. We pick the goods from factory and forward it through Train and Air. Here, mean of transportation is Train but we handover the goods to private lease holder who take the space in railway on lease and they transport the material to destination station and we deliver the goods.
Here our question is yearly business with those private lease holder is more than 2-3 lacs, so do we need to deduct TDS on their bills? Kindly let us know the correct procedure whether we comes under 194C or not.
Feel free to contact us over any clarification.
CAclubindia
