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

AI Summary

TDS on transport payments exempt when small-owner transporter provides declaration; otherwise TDS applies on exceeding threshold.
Section 194C(6) provides that if a transporter who owns a limited number of transport carriages furnishes a declaration to the payer, the payer need not deduct tax at source on payments to that transporter; if no such declaration is furnished, the payer must deduct tax at source when payments exceed the statutory threshold.