Applicable of TDS to transporters -194(C)

[umesh chandra]

Hi

Is it TDS applicable in case of payment to Transporters u/s 194C(1) and (2) (registered as Pvt Ltd company)?

Kind regards,

Umesh Chandra

[Ganeshan Kalyani]

TDS is applicable on transport service w.e.f. 01.06.2015 if the transporter owns more than 10 trucks. If not then no TDS.

AI Summary

TDS Applicable to Transporters Owning Over 10 Trucks Under Section 194C from June 1, 2015; Exempt if Fewer. A query was raised regarding the applicability of Tax Deducted at Source (TDS) under Section 194C(1) and (2) for payments to transporters registered as a private limited company. The response clarified that TDS is applicable from June 1, 2015, if the transporter owns more than 10 trucks. If the transporter owns fewer than 10 trucks, TDS is not applicable.