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QUERY REGARDING 194C, Income Tax

Issue Id: - 110343
Dated: 12-5-2016
By:- Rajeev Khulbe

QUERY REGARDING 194C


  • Contents

GOOD MORNING TO ALL EXPERTS,

I AM SOME CONFUSED ABOUT SECTION 194C(6) REGARDING TDS ON PAYMENT ON TRANNSPORTER. SIR PLEASE CLEAR MY SOME DOUBT REGARDING SECTION 194C(6).

1 - SUPPOSE WE RECEIVED A BILTY AMOUNT AMOUNT ABOVE 30000 AND TRANSPORTER ALSO PROVIDING ME DECLERATION THEN IN THIS CASE WILL I DEDUCT TDS ON THAT AMOUNT.

2- IF WE HIRED A REGULAR TRANSPORTER AND IF HE HAVE LESS THEN HEAVEY AND LIGHT VEHICLE . BUT HIS ANNUALLY PAYMENT CROSS THE LIMIT 1 LAKH. THEN WILL I DEDUCT TDS ALSO IN THAT CASE. WHILE HE PROVIDED ME DECLERATION.

THANKS

FOR YOUR QUICK REPLY

RAJIV

Posts / Replies

Showing Replies 1 to 3 of 3 Records

Page: 1


1 Dated: 12-5-2016
By:- Ganeshan Kalyani

Sir with effect from 01.06.2015, TDS will not be deducted if the transporter owns 10 and less than 10 transport carriage and gives a declaration to the person making the payment. if declaration is not given which is subject to the above mentioned conditions then TDS is deductible. Thanks.


2 Dated: 12-5-2016
By:- Rajeev Khulbe

SIR THANKS FOR REPLY BUT SIR MY CONFUSION REGARDING TDS ON TRANSPORTER IN CASE OF " IF PAYMENT EXCEED THE THRESHOLD LIMIT. THEN WILL I DEDUCT TDS IN BOTH CASES


3 Dated: 12-5-2016
By:- Ganeshan Kalyani

Sir if the declaration as stated in my reply is not available then on exceeding the threshold limit TDS shall be deducted. Thanks.


Page: 1

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