From Plain Reading of Section 194C(6) one would draw a conclusion that if the transporter owns more than 10 vehicles on the date of the transaction and subsequently sells some vehicles such that number of owned vehicles is less than 10 and gives a declaration to this effect and then there is no need to deduct TDS even if during the same year the number of vehicles exceeds 10 subsequently. Further, even if any transporter owns zero vehicles i.e. he hires the vehicle from third party for the purpose contract he will get the benefit of the section because zero is also less than 10 even though this is not the intent of the statute.

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Declaration Under Section 194c(6) Form Download