What is the limit for tds if no pan for transport

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

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

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/-

 

 

 

Thank You friends,

 

Now its clear that Normal Limits of 194C applies when NO PAN is given by Transportor but the rate is 20%

TDS is to be deducted at 20% on whole amount i.e.on Rs.90,000/- as amount exceeds Rs.75,000/-limit..

go with sriram sir...


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