Please Help: TDS U/S 194 C
Posted Date : 20-Apr-2012 , 03:33:01 pm | Posted By JALAK VORA
Friends i have quarry pl. help to sort out it.
Transportation facility for employees from their home to factory whether TDS required to deduct u/s 194 C or any other section.
& as transportation facility provided than exempt from deduction TDS if having PAN tn on this basis it is exempt from deduction TDS ???
Transportation facility for employees from their home to factory whether TDS required to deduct u/s 194 C or any other section.
& as transportation facility provided than exempt from deduction TDS if having PAN tn on this basis it is exempt from deduction TDS ???
Category : Income Tax | Answers : 4 | Comments : 1 | Hits : 385
Answers
Answer By: Mrattunjay
Yes, required to deduct TDS u/s 194C and no deduction allowed on the basis of havin PAN by deductee , only applicable rate applies in place of rate 20% if not having the PAN nO.
Answer By: CA VIPIN GARG
Dear Jalak, TDS will not be require to be deducted of the transporter in the above case..........
Hope you got the answer you were looking for, have a nice day.......
Hope you got the answer you were looking for, have a nice day.......
Answer By: Madhu Kiran
Yes TDS is required under 194C...
The Act says transportation of goods is exempted... Here in this case TDS will applicable.
The Act says transportation of goods is exempted... Here in this case TDS will applicable.
Answer By: Rambabu Senkarasetti
yes TDs is required
Comments
yogesh bhardwaj
21-Apr-2012 , 03:28:16 pmNo TDS will be deducted as this is an allowances & it is exempt upto 800 p.m. Then it will become taxable under the head salary income.