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

TDS on transport agency: whether a single annual declaration suffices to prevent tax deduction across transactions. Whether TDS on transport agency payments requires collection of a declaration from the same transporter for each individual transaction or whether a single declaration can suffice for the entire financial year, focusing on the conditions under which a declaration can lawfully prevent deduction of tax at source and the temporal scope of such declarations.