TDS u/s 194C - Transportation

TDS 1364 views 4 replies

TDS u/s 194C not to be deducted on Payment to Transport Operator who has submitted their PAN to the payee.  The Person responsible for paying such sum to the Transport Operator without deducted TDS required to be submitted to the Income Tax Authority, such particulars, in such form and within such time as may be prescribed. Extract of the Section 194C is as under :

Section 194C

(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.

(7) The person responsible for paying or crediting any sum to the person referred to in sub-section (6) shall furnish, to the prescribed income-tax authority or the person authorised by it, such particulars, in such form and within such time as may be prescribed.

I want to know, in which Form and which time limit, this detail is to be submittetd.

Replies (4)
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Hallo

Can I have the "Return format" u/s 194C (6).  Plz forward to my personal ID srinivasan1410 @ gmail.com

 

Thanks & Regards

 

Srinivasan

Hi,

We have made a agreement with party to provide stevedoring and transportation service, the agreement made at one single rate for stevedoring charges and trasportation.

now the party has submitted the one bill for transportation and another for Stevedoring charges.

The another point is that the service provider is not providing the LR copy of thier own name. The LR copy is of different name (who is original transportor.

Kindly advice whether TDS will be deducted on transportation charges.

 

Thanks & Regards,

CA Nitin Khode

Mob No 9099035457


CCI Pro

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