TaxTMI 
TaxTMI 
Please provide us TDS deduction Condition on transport Agency as per latest notification.
TDS ON TRANSPORT AGENCY
18 Jun 2015 
2 Replies 
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TDS on transport charges requires contractors to submit prescribed declaration with PAN or payees must deduct TDS.
The relaxation from TDS deduction on payments characterized as transport charges applies only where the contractor engaged in transport (plying, hiring or leasing goods carriages) owns ten or fewer goods carriages during the previous year and furnishes the prescribed declaration with PAN; absence of that declaration with PAN mandates deduction of tax and payers must intimate PAN details in the prescribed reporting form. (AI Summary)
The relaxation from TDS deduction on payments characterized as transport charges applies only where the contractor engaged in transport (plying, hiring or leasing goods carriages) owns ten or fewer goods carriages during the previous year and furnishes the prescribed declaration with PAN; absence of that declaration with PAN mandates deduction of tax and payers must intimate PAN details in the prescribed reporting form. (AI Summary)