Tds on transporters

NO TDS ON TRASPORTER IF HE PROVIDE HIS PAN NO. BUT TRANSPORTER MUST BE A GOODS TRANSPORT OPERATOR

Dear Sharad,

If the recepient is a transport operator (i.e. in the business of plying, hiring or leasing goods carriages) and he provides his PAN to you, then no TDS will be deducted (w.e.f. Oct. 1, 2009).

If PAN is not furnished, then tax will be deductible @ 20%  (from april 1, 2010 on wards).