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New rule for 194C (Transport) - Urgent

Income Tax - Started By: - Mathurthi RamKumar - Dated:- 10-8-2015 Last Replied Date:- 18-8-2015 - Dear Sir, Good Morning... I have a confusion about new circular about 194C (Transport). From 1st June it is mandatory for submission of declaration for not having more than 10 vehicles . Other wise 2% or 1% TDS will be deducted. Above wording very clear about big transports like TCI, BATCO. etc. But for following situation how to understand? Kindly advise. A) Outward freight - Company will bear frei .....

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