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Tds on transporters

sharad ( ) (157 Points)

12 April 2013

Please suggest me whether TDS will be deducted or not on break-up journey by the transporter, if the pay exceeds Rs. 70000/-.

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Khushbu Jaiswal (CA Finalist) (528 Points)
Replied 12 April 2013

Where a single payment to Contactor or Sub-contractor exceeds Rs.30000/- or the aggregate of the amounts paid/credited or likely to be paid/credited exceeds Rs.75,000 during the financial year, TDS has to be deducted u/s 194C @ 1%(if deductee is individual or HUF) or @ 2% (if deductee is other than individual or HUF)

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COMPLETE TAX SOLUTIONS (MD) (50 Points)
Replied 14 April 2013

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

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parag_0302 (Asstt. Commercial Officer) (124 Points)
Replied 17 April 2013

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).

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