TaxTMI 
TaxTMI 
Applicability of Section 194C of I T act 1961
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....pplicability of Section 194C of I T act 1961<br> Query (Issue) Started By: - Sharad Aggarwal Dated:- 18-12-2010 Last Reply Date:- 18-12-2010 Income Tax<br>Got 1 Reply<br>Income Tax<br>A Contractor tak....
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....ing contract from A Company for transpartation of Certain quantity of Goods and material. Gross Receipts of the Contractor is above than audit Limit U/s 44AB of Income Tax Act, 1961. This contractor h....
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....iring some trucks and got the Goods Transported and hiring charges paid per trip Basis. Querry :- Whether the said Contractor liable to deduct Tax at source from Hire/Transportation Charges paid to tr....
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....uck Owners.Please give your veiws with case Laws, circulars and notifications. Reply By CA Rachit Agarwal: The Reply: Presently there is no TDS on Transportation charges provided the transporter fu....
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....rnishes the PAN. Refer Section 194C subsection 6 of IT Act, 1961.<br> Discussion Forum - Knowledge Sharing ....