QUERY REGARDING 194C

[Rajeev Khulbe]

GOOD MORNING TO ALL EXPERTS,

I AM SOME CONFUSED ABOUT SECTION 194C(6) REGARDING TDS ON PAYMENT ON TRANNSPORTER. SIR PLEASE CLEAR MY SOME DOUBT REGARDING SECTION 194C(6).

1 - SUPPOSE WE RECEIVED A BILTY AMOUNT AMOUNT ABOVE 30000 AND TRANSPORTER ALSO PROVIDING ME DECLERATION THEN IN THIS CASE WILL I DEDUCT TDS ON THAT AMOUNT.

2- IF WE HIRED A REGULAR TRANSPORTER AND IF HE HAVE LESS THEN HEAVEY AND LIGHT VEHICLE . BUT HIS ANNUALLY PAYMENT CROSS THE LIMIT 1 LAKH. THEN WILL I DEDUCT TDS ALSO IN THAT CASE. WHILE HE PROVIDED ME DECLERATION.

THANKS

FOR YOUR QUICK REPLY

RAJIV

[Ganeshan Kalyani]

Sir with effect from 01.06.2015, TDS will not be deducted if the transporter owns 10 and less than 10 transport carriage and gives a declaration to the person making the payment. if declaration is not given which is subject to the above mentioned conditions then TDS is deductible. Thanks.

[Rajeev Khulbe]

SIR THANKS FOR REPLY BUT SIR MY CONFUSION REGARDING TDS ON TRANSPORTER IN CASE OF " IF PAYMENT EXCEED THE THRESHOLD LIMIT. THEN WILL I DEDUCT TDS IN BOTH CASES

[Ganeshan Kalyani]

Sir if the declaration as stated in my reply is not available then on exceeding the threshold limit TDS shall be deducted. Thanks.

AI Summary

Clarification on TDS: No deduction under Section 194C(6) if transporter owns <=10 vehicles and provides declaration. An individual sought clarification on Section 194C(6) of the Income Tax Act concerning TDS on payments to transporters. They asked whether TDS should be deducted if a transporter provides a declaration and the payment exceeds certain thresholds. An expert clarified that, as of June 1, 2015, TDS is not required if the transporter owns 10 or fewer vehicles and provides a declaration. However, if the declaration is not provided, TDS must be deducted if payments exceed the threshold limit.