Transporter having no pan

TDS 429 views 3 replies

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?

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


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