Tds Transport

Pursuant to Section 194C amended by the Finance Act (2) 2009, no deduction should be made of any payment made to a contractor during the course of business of surf, renting or leasing goods carriages, on submitting its NAP deductor.

The new paragraph 6 of the 194-C allows the transport operator to provide the mandatory PAN Deductor, without which TDS will be made in accordance Deductor 194C.

And if PAN is not quoted, then the tax is deducted at 1% if the recipient is an individual and @ 2% if the recipient is other than individual.