What is the limit for tds if no pan for transport

1583 views 6 replies

Radhesh Bhoot

Aspiring CA

229 Points Joined April 2008

Dear Fellows,

I have a query regarding TDS on Transportor-

in both the cases PAN is not provided - from Same transportor

Case 1 - Transportor Expense Rs. 45000 (Bill 1 -- 25000+ Bill 2 -- 20000)

Case 2 - Transportor Expense Rs. 45000 (Bill1 -- 40000 + Bill 2 -- 5000)

Please advice whether the normal 194C Limits of 30000 single bill and agg bill 75000 applies for no pan to transportor ?

AS per provisions no pan for transportor then 20% should be deducted but wat is the limits??

it would be good if any supporting of sections are provided too

Replies (6)

CA. Kuldeep Singhi

Entrepreneur

424 Points Joined June 2011

On the whole amount 20% tds will be deducted as pan is not provided & the limit also exceeds 75000

CA Ramsai N

Fresher

594 Points Joined October 2011

Only case 2 attracts TDS u/s 194C. Hence 20% TDS on 45,000(40K+5K) is required to deduct.

Case 1 does not attracts TDS, hence no deduction is required

Guest

Please advice whether the normal 194C Limits of 30000 single bill and agg bill 75000 applies for no pan to transportor ?

Answer to you Q.: TDS u/s 194C required to be duduted only if aggregate payment during the year exceeds Rs.75000/-. Moreover, if Transporter does not provide PAN No. then amount on which TDS to be deducted @ 20% if aggregare payement exceeds Rs.75000/- or single payment Rs.30000/-