Company paying small transporters having no PAN like 3 Wheeler delivery van say sum of Rs. 600 - 1200 per trip. Shall company has to mention details of these transporter in eTDS Return?
Menu
Transporter having no pan
Replies (3)
Sec 194C of Income Tax Act 1961 deals with this case.
Note:- if Transporter quotes his PAN, then no need to deduct TDS.
But if no PAN :- then , Deduct TDS @ 20% ...
provided agreegate payment in a year exceeds Rs. 75000.
and maintain all the relevant details.
Yearly payment to these each transporter is below 75000/-. Weather the details is to be mentioned or not in eTDS.
No need to maintain in e tds as sec 194C is not applicable at all
Recent Topic
- Form 10E u/s. 89(1). Need clarification because Ex
- Long Term Capital Loss - Tata Capital unlisted sha
- Section 54F deduction - GST and Stamp Duty cost wh
- Professional Crossed 20 Laks in Dec 26 Failed to T
- F&O in ITR
- CA Final Self pace Module
- Query Regarding House Ownership Transfer Reflected
- Money transction within Family
- ITR-2 salary breakup updation
- Application for ₹2 Crore Term Loan under Cre
Related Topics
CAclubindia
