Dear Professionals,
We have received letter from ITO TDS to show cause why TDS not been deducted on payment made to Transporters.
As per letter received, exemption provided for NO TDS on transporter is applicable only when Deductor is in the business of carrying/plying of goods carriage and not the payee. and such payee furnish his PAN to payer.
We are in the opinion and after reading many discussion on forum, exemption is available if Contractor i.e, Payee is in the business of plying, hiring of goods carriage and not the Deductor and furnishes his PAN to the person paying or crediting such sum.
Kindly provide your inputs.
Regards
Girish Gupta
Menu
Tds ontransporter
Replies (5)
Please check this out if useful..
https://www.saraltds.com/articles/tds-transporters-nil.php
Section 194C ,
Sub Section (6) No deduction shall be made from any sum credited or paid or likely to be credited or paid during the previous year to the account of a contractor during the course of business of plying, hiring or leasing goods carriages, on furnishing of his Permanent Account Number, to the person paying or crediting such sum.
Contractor is the person in transport business i.e the transporter, Person paying or crediting is the person using the transport services
| Originally posted by : Girish | ||
 |
Dear Professionals, We have received letter from ITO TDS to show cause why TDS not been deducted on payment made to Transporters. As per letter received, exemption provided for NO TDS on transporter is applicable only when Deductor is in the business of carrying/plying of goods carriage and not the payee. and such payee furnish his PAN to payer. We are in the opinion and after reading many discussion on forum, exemption is available if Contractor i.e, Payee is in the business of plying, hiring of goods carriage and not the Deductor and furnishes his PAN to the person paying or crediting such sum. Kindly provide your inputs. Regards Girish Gupta |
 |
But what to do when instead of Transporter , the other service provider raise bill of transport charges on the basis of kilometers i.e. Agent. Whether we have to deduct tax. He is a itermediary company and not original tranasporter
But what to do when instead of Transporter , the other service provider raise bill of transport charges on the basis of kilometers i.e. Agent. Whether we have to deduct tax. He is a intermediary company and not original tranasporter
Recent Topics :
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
- Difference between AIS and 26AS data.
- Applicability of FCRA to Article Processing Fees (
- GST Return
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
Related Topics :
CAclubindia
