TDS ON TRANSPORT AGENCY

[SURYAKANT MITHBAVKAR]

Whether we have to collect declaration from same transporter for non deduction of TDS in each and every transaction or one declaration is enough for full financial year.

AI Summary

Is One Declaration Enough for Transporters to Avoid TDS Deduction Yearly or Needed Per Transaction? A user inquired whether a single declaration from a transporter is sufficient for non-deduction of TDS for the entire financial year, or if a declaration is needed for each transaction. This question pertains to the application of income tax regulations on transport agencies.