Now TDS us 194C W.e.f. 01.06.2015 on Payments made to contractors during the course of plying, hiring and leasing goods carriage

Payments made to contractors during the course of plying, hiring and leasing goods carriage

Currently, section 194C of the act exempts payments made to contractor during the course of plying, hiring and leasing goods carriage if the contractor furnishes his PAN. It is  amended in a way as to restrict such exemption to cases where such contractor owns ten or less goods carriages at any time during the previous year and furnishes a declaration to such effect, alongside PAN. W.e.f. 01.06.2015