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TMI BlogTDS ON TRANSPORT AGENCYX X X X Extracts X X X X X X X X Extracts X X X X ..... Please provide us TDS deduction Condition on transport Agency as per latest notification. - Reply By CA ombir Singh Panwar - The Reply = As per amendment by the Finance Act 2015 , w.e.f 01.06.2015, it is proposed to amend the provisions of section 194C of the Act to expressly provide that the relaxation under sub-section (6 ) of section 194C of the Act from non-deduction of tax shall ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... only be applicable to the payment in the nature of transport charges (whether paid by a person engaged in the business of transport or otherwise) made to an contractor who is engaged in the business of transport i.e. plying, hiring or leasing goods carriage who fulfils the following two conditions:(a) such contractor owns ten or less goods carriages at any time during the previous year, and(b) suc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h contractor furnishes a declaration in the prescribed Format along with his PANthen who make the payment of transport charges will be required to intimate PAN details in form 26Q to the income tax department - Reply By RAMA KRISHNA KNVS - The Reply = Finance act 2015 ( SEC43 ) itself have clear provision on this. w.e.f 01.06.2015 those who do not give declaration in the prescribed form a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... long with their PAN, will be subjected to TDS u/s 194C . NO SEPERATE NOTIFICATION REQUIRED/ISSUED/ - TDS ON TRANSPORT AGENCY - Query Started By: - SURYAKANT MITHBAVKAR Dated:- 18-6-2015 Income Tax - Got 2 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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