Is there any limit for payment to transporter to deduct tds in case of no pan card no. given by transporter? URGENT
Menu
TDS on transporters
Replies (6)
NO TDS IS DEDUCTED FOR PAYMENT MADE TO TRANSPORTER....PROVIDED PAN NO IS PROVIDED...
IF NO PAN THEN DEDUCT TDS 20%
THERE IS A LIMIT OF CASH PAYMENT TO TRANSPORTER....UP TO Rs...35000....only in case of trnsporter....
OTHER CASH PAYMENT...MAXI 20000 ALLOWED...
For TDS aspect on payment made to transporters, the limits are Rs.30,000 for single transport voucher or Rs.75,000 of transport expense per transporter per annum.
if total PAYMENT/CREDIT to transporter exceeds these limits then TDS provisions apply.
if Pan is not provided Tax has to be deducted at 20 % or above rate...
for more refer https://www.simpletaxindia.org/2011/04/tds-rate-chart-11-12-fy-tds-rate-12-13.html
:)
agreee with mr jani
Section 206A for TDS at higher rate for not submission of PAN applies to the transactions on which tax is deductible under Chapter XVIIB.In case of transport contract TDS is required to be deducted if single payment exceed 30000/- or sum of total payment to single person exceed 75000/- in a year.In your case if single pmt doesnot exceed 30000/- or if aggregate of all payments is not going to exceed 75000/- then you are not liable to deduct tax @ 20%
Whether Transporter needs to mention PAN on Invoice or consignment note ?? or anywhere is sufficient?
Recent Topics :
- How to find a good CA
- Rcm on rent paid
- Clarify on GST Application
- Residential status for overseas students visitin
- Capital Gains Tax
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
- Clarification on September 2026 PF Calculation for
- DRC-03 interest paid under CGST/SGST instead of IG
Related Topics :
CAclubindia
