TDS

amiya kumar pradhan (Querist) 28 April 2010 This query is : Resolved
Upto 31.03.2010 if a transporter had PAN there was no need of deducting TDS. But wef 01.04.2010 whether the same rule applies. In other wards whether the same provision has been extended in recent budget ?

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A V Vishal (Expert) 28 April 2010
The nil rate will be applicable if the transporter quotes his PAN. If PAN is not quoted the rate will be 1% for an individual/HUF transporter and 2% for other transporters up to 31-03-2010.The same provision extends beyond 31-3-2010, however, the rate of TDS will be 20% in all cases, If PAN is not quoted by the deductee (including transporter) w.e.f. 1-4-2010

AMIT BAJAJ ADVOCATE (Expert) 28 April 2010
yes agreed.

soumitra basu (Expert) 03 May 2010
The provision will be applicable only from 1st October, 2009

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