if i am liable to deduct TDS and entered a contract with ABC Ltd to bring one of my new vehicle from Delhi. They will bring the same by driving all this way. Is this contract covered under Transportation contract and non deduction of TDS as per 194C of IT Act?
Please help to sort-out this problem
yes it is covered undersec 194-c
| Originally posted by : P-A-W-A-N | ||
| " | yes it is covered undeer 194c | " |
Tanks Pawan
Means no need to deduct TDS? Because it is a transportation contract and contractor provided his PAN Number
Its Men power supplier for Excutive or bring vehicle to your office. if amount Excess than 20000/= then TDs applicable under sec 194C. @ 2% on company.
Thank you very much
iT IS COVERED................
means
If ABC Ltd. is providing only transportation facility then it is an clearly covered for exemption of tds if ABC is providing PAN.
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