05-29-2015 6:51 AM
Dear Experts ,
Is there any patch released by SAP regarding recent amendments in section 194C(6) for transport(freight) vendor which will be effective from 01-jun-2015
as currently all residence transporters (irrespective of their size) are claiming exemption from TDS under section 194C(6) on furnishing of PAN to person
responsible for making payment .
Now this provision has been amended (with effect from 01-jun-2015) to expressly provide that the relaxation under section 194C(6) from non deduction of tax shall only be applicable to the payment in the nature of transport charges (whether paid by a person engaged in the business of transport or otherwise)
made to a contractor who satisfies the following 3 conditions :
1. Recipient engaged in the business of transport.
2. Recipients owns 10 or less goods carriages at any time during the financial year .
3. Recipients furnishes a declaration to this effect along with PAN.
kindly let me know .
it's urgent
Regards ,
shailesh
05-29-2015 8:11 AM
HI
please refer the below note
regards
Madhu M
05-29-2015 7:03 AM
Hi Shailesh,
You have to get declaration from the transporters for non deduct tax. If they fail to submit the same, then deduct TDS as per prescribed rate.
Regards,
Mukthar
05-29-2015 8:11 AM
HI
please refer the below note
regards
Madhu M
05-29-2015 8:59 AM
Hi Madhu ,
I have downloaded the suggested Note , in which SAP is mentioning one document name as "Transport_vendor_configuration.pdf" .
how can i get the above document .
Kindly let me know
regards
shailesh
05-29-2015 11:00 AM
HI,
Please refer the required attachment.
Regards
Madhu M