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Trasporter tds

Tax queries 221 views 3 replies

Under 194c even if multiple contract amount exceeding Rs. 100000 has been booked as Carraige outward and payment made to Transporter,

 

If the Transporter has PAN number, TDS will be deducted or not ?

Replies (3)

Yes, TDS will be deduct at 2% or 1% in case of individual or HUF

Rs 1lac books as carriage outward on a/c of single transporter or or multiple?
if the transporter produces PAN to payer then there's no requirement to deduct TDS


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