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
CAclubindia
