Freight paid to transporters

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CA Nidhi Agarwal M.Com (Querist)
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12 May 2010 From 1.10.09 if any freight is paid to transporter then there is no requirement of deducting tax u/s 194C (TDS) if PAN no. is given by transporter. Is there any related form or return in which freight payment details is to be submitted in income tax.What is the prescribed format and last date for submitting it. Plz advice me.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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12 May 2010 No such for has been notified by I.T.Department as yet.

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CA Nidhi Agarwal M.Com

CA Nidhi Agarwal M.Com (Querist)
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08 June 2010 is any notification or circular declared from income tax department?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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08 June 2010 NOT REGARDING THIS MATTER.
The Central Board of Direct Taxes (CBDT) have amended the Rules relating to TDS provisions date and mode of payment of tax deducted at source (TDS), TDS certificate and filing of ‘statement of TDS’ (TDS return) vide Notification No. 41/2010; SO No. 1261(E) dated 31.05.2010.

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