LAWyersclubindia LCI
Login  Register
LCI Learning
Master the Art of Contract Drafting & Corporate Legal Work with Adv Navodit Mehra. Register Now!

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

tds on transport charges

(Querist) 21 May 2010 This query is : Resolved 
truck driver submit a transport bill of "A transport agency" but he wants to issue a cheque infavour of truck owner and therefore he also submit pan card and rc copy of the truck. should i issue a cheque infavour of the truck owner without deduct tds? or what shall i do?
Report Abuse
A V Vishal (Expert) 21 May 2010
You can issue the cheque in favour of the truck owner, if the following conditions are fulfilled:
# In the case of transporter no TDS is required to deduct if Pan number is submitted by transporter.
# Rate of TDS will be minimum 20% or normal rate whichever is higher in all cases if pan number is not quoted by deductee wef from April1 2010
soumitra basu (Expert) 31 May 2010
I agree with Mr. Vishal

Previous
Next

You need to be the querist or approved LAWyersclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :



Ask Query
Unanswered Queries

Laws Follow us





Browse by Category

Stay updated with latest Posts!