my client is not dedecuting the tds from the trsporter contractor(prividing taxi services)
the reason is that they r providing the pan,so the tax rate is nil
the tranporter r individul
my view is that as per 294c nnly tranrporter related to good carriers/freight r examated
what is the penalty
you can deduct tds now and pay to the government with interest
Thanx for that sir
i have to dedct tax @ 1%
what is the penalty amount/rate
how to deduct tax now,the contractor with the transporter is over
Shyam Joshi & Associates
Pune
B.Com
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O P Bagla & Co LLP
New Delhi
CA Inter
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