In my knowledge 194C - 1% on payments exceeding 30,000/- for single payment &1,00,000/- for aggregate payment during Financial Year.
No TDS will be applicable if transporter provides PAN and having no. of vehicle less than 10 during the year under consideration. Without PAN TDS will be applicable @ 20%.
in case of goods transport: if transporter owns more than 10 Vehicle the TDS will be applicable @ 1%/2%.
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