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.
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.