TDS Rate Cut by 25 percent
TDS Rate cut by 25 percent for Transports – Payment to Contractors under Section 194C

Carriage of goods and passengers by any mode other than railways is liable to TDS deduction under section 194C. As finance minister Nirmala Sitharaman today announced the package to fight against adverse situation, aimed at all sections of the society, including the middle-class, SMEs, we will describe here the implications on Transport and Goods Carrier.