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194 C limit for Transporter, Income Tax |
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194 C limit for Transporter |
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Dear All, Greetings of the day. Kindly guide about TDS deduction for Transporter vide sec 194C. If transporter not having 10 vehicle but submitting bills for 10 lacs above, As per declaration TDS not applicable or as per IT TDS applicable? Kindly guide me. Its very urgent. Regards M.RamKumar Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
Sir, a transporter who does not own more than 10 vehicles are not required to subjected to TDS. The transporter may arrange vehicle from third party and supply to the customer for transportation purpose. This will not disqualify him from the benefit of the aforesaid provision. Only if the transporter does not fulfill the said condition TDS shall be deductible. Thanks. Page: 1 Old Query - New Comments are closed. |
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