Tds on transport

TDS 435 views 1 replies

IS TDS requires to deduct on Transport/Freight

Replies (1)

Hi,

TDS u/s 194C

 

W.e.f. 1-10-2009, the nil rate will be applicable if the transporter quotes his PAN.

 

The rate of TDS will be 20% in all the above cases, if PAN is not quoted by the deductee on or after 1-4-2010.

 

No surcharge, education cess and SHEC shall be added.

 


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