TDS on transporters applicable except small transporters even if PAN provided
Section 194C of income tax related to TDS is amended. Before the TDS was not deducted on payments made to transporters, if PAN was furnished.
However after budget 2015, this provision is withdrawn. Hereinafter, TDS is to be deducted on payments made to transporter, only if payments are made to small transporters.
Small transporters means transporters covered under section 44AE of Income Tax Act, 1961.
Can you provide me the link of this information you got. I am unable to Trace it.
It was proposed in budget speech of finance minister. You can refer to his speech or full text availalble on Tikshare itself.