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Tds on lorry hire

pankaj (b) (25 Points)

14 July 2016

Please confirm TDS decleration who can given in case of Transportation business who hire truck from outside and place for transportation.

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3 Replies

CA Srujann kumar Reddy (Asst Manager(Internal audit)) (1679 Points)
Replied 14 July 2016

couldn't understand clearly,

but transporter if his fleet is less than 10 then he has to give a declaration to the hirer, so that he will not deduct tax on transportation company

Mukesh Kumar (Accounts Manager) (1466 Points)
Replied 14 July 2016

DEAR PANKAJ SIR

YOU QUARY IS NOT CLAER

BUT IF YOU TAKE TRUCK ON HIRE FROM MARKET FOR TRANSPORATION BUSNIESS THAN YOU SHOULD TAKE A NON TDS DECLERATION FORM AND PAN CARD COPY FROM THE TRUCK ONWER HOW HAS NOT MORE THAN 10 TRUCKS .

BUT IF ANY TRUCK OWNER DO NOT PROVIDE TO TDS DECLERATION FORM ,THAN YOU ARE LIABLE TO DEDUCTE TDS FROM THERE PAYMENT .

IF YOU WANTS THAT YOU CLIENT DO NOT DEDUCTE TDS FROM YOU PAYMENT SO THAT YOU SHOULD ALSO SUMBIT A NON TDS DECLERATION FORM AND PAN CARD COPY TO YOU CLIENTS

GOOD LUCK