New rule for 194C (Transport) - Urgent

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..... Dear Sir, Good Morning... I have a confusion about new circular about 194C (Transport). From 1st June it is mandatory for submission of declaration for not having more than 10 vehicles . Other wise 2% or 1% TDS will be deducted. Above wording very clear about big transports like TCI, BATCO. etc. But for following situation how to understand? Kindly advise. A) Outward f .....

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..... reight - Company will bear freight amount and send manufactured product thru lorry to their customers. In this case 3 types of lorries will use. 1. Owner cum driver lorry 2. Only Driver 3. Contractor lorry (A to Z transporter is a contractor. He don't have own lorries and he will arrange lorry by commission basis) But he will issue LR copy A to Z transport name. 1) O .....

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..... wner cum driver - It is clear to take declaration from him but if he do turnover more than 75,000/- (limit the cross) what we do? 2) Only Driver - Lorry registered with house wife or other name and her son / husband or relatives will drive. My doubt is sign on PAN card and sign on declaration is should same is must or on behalf of signs will work? 3) Contractor lorry (Can we take d .....

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..... eclaration from contractor or driver?) . If contractor denied to give declaration what we do? Contractor give declaration but his turnover crossed limit. what we do? Thanks in advance. Regards M.RamKumar - New rule for 194C (Transport) - Urgent - Query Started By: - Mathurthi RamKumar Dated:- 10-8-2015 Income Tax - Income Tax - Discussion Forum - Knowledge Sharing, reply post by .....

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..... an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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