If pan no is provided by transporter no tds is deductible u/s 194C, Other wise 20% rate would be applicable.
Pls clarify whether individual bill/ Credit limit of Rs 30000/- and total bill/ credit limit Of rs 75000/- during the F.Y would be applicable before invoking of this requirement. Ie can we upto the limit mentioned above, go without Pan no from Transporter or without deducting 20% tax. Or pan no or 20% deduction need to be complied with from very first payment of freight irrespective of amount.
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