What is the limit for tds if no pan for transport

1814 views

Save Share

Join Us Follow Us Add as Source

Radhesh Bhoot

Aspiring CA

157 Points Posted on 23 June 2014

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

496 Points Posted on 23 June 2014

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

CA Ramsai N

Fresher

289 Points Posted on 23 June 2014

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

Posted on 23 June 2014

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/-