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TDS u/s 194C - Form No. 15I - Form No. 15J

CHARTERED ACCOUNTANT


Dear Group Members,

Hi every body

I need a clarification in the following matter

U/s 194C if a transporter make payments to a sub contractors who is not having more than 2 lorries, then no need to make any TDS on such payments provided the transporter obtains a declaration in form no. 15I from the sub-contractor. A part from the above, the transport has to file a declaration in form no. 15J before the concerned commissioner of Income tax on or before 30th June of every year. 

Now my question is, Wheter If the transporter obtains from no. 15I from the sub-contractors but failed to file the declaratio in form no. 15J before the concerned Commissioner of Income Tax, will lead to dis allowance u/s 40(a)(ia) or will attract any penality.

In my view, failed to file from no. 15J before the CIT is only a procedural laps....  

I need your guidence in this regard

Thanking You,

V.N.Hari

 

 
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Chief Financial Officer and Co

No. It is not a procedural lapse as it is compulsory to file it otherwise it defeats the purpose of filing it.

 
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(Guest)

Sir, I'd like to know if a transporter obtains Form No. 15I from the sub-contractor but fails to file a Declaration In Form No. 15J to the concerned authority, then what's the liability of the Transporter in this case.Please clarify me the whole issue

Thankiny You

Gaurav agarwal

 
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(Guest)

Originally posted by :Guest
" Sir, I'd like to know if a transporter obtains Form No. 15I from the sub-contractor but fails to file a Declaration In Form No. 15J to the concerned authority, then what's the liability of the Transporter in this case.Please clarify me the whole issue
GThankiny You
Madan Sharma
"


 

 
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sir i have understood the above but i wanted to know that is 15 i applicable to pvt ltd companies or limited companies owning not more than two trucks during the previous year

 
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Can we file Form 15 J in CD along with

 
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Originally posted by :S.Srinivasaraghavan
" No. It is not a procedural lapse as it is compulsory to file it otherwise it defeats the purpose of filing it. "


 

 
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w.e.f  01.10.09  and  w.e.f.  01.04.10 can 15I be accepted without pan no. is it vaild and no TDS is to be deducted for the same

 
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w.e.f  01.10.09  and  w.e.f.  01.04.10 can 15I be accepted without pan no. is it vaild and no TDS is to be deducted for the same

 
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Chartered Accountant


hiiii

thanks sir for updating and clearfiy the info abt forms 15i and 15j

 
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