Amendment in Section 194C relating to TDS on Transporters w.e.f. 01.06.2015

PrintPDF

With Effect From 01.06.2015 TDS on amount paid or credited to Transporters/Goods Carriers is applicable.

But TDS will not be required if a declaration by transport owner is provided stating that he does not own more than 10 goods carriages at any time during the previous year.

Further, Obtaining PAN of Transporter is still a requirement alongwith the above declaration. Threshhold  Limit of INR 75,000 for Total payment and Single payment of INR 30,000 is still applicable.

It means if payment or credits to any transporter exceeds the threshold limit then a declaration alongwith PAN would be required.