Tds on transporter

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As we aware that TDS on transporter w.e.f. 01-06-2015 has been applicable, if suppose we already received single invoice of transporter amounting Rs.50,000/- in the month April-15 & also paid such amount in the month of April-15. & no further transaction is expected in this financial year.

in this case, Is TDS (194C) should be applicable to transaction (as amount is greater than 30,000/-) , but transaction done before Apr-2015.

Kindly suggest.

 

 

 

 

Replies (1)

It is not applicable as the amendment does not hold the retrospective effect on business transactions.

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