re:TDS

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gurru (Querist)
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21 January 2010 we are a proprietor firm & C&F agents.we hire transporter to carry our goods.Every month we receive bill from transporter.we pay him through cash or bank.I want to know whether we have to deduct TDS as payment to transporter is above RS 20000 every month.i also want to know if transporter quote his PAN NO then whether we have have to file nil quarterly return of TDS.

veena

veena (Expert)
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21 January 2010 With effect from 1.10.2009 no TDS will be levied if transporter provide his PAN. Nil return has to be filed

CA Vijay Kumar Gupta

CA Vijay Kumar Gupta (Expert)
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21 January 2010 Difference of opinion
I agree with your law opinion, i.e. no tax is to be deducted if the goods transporter quotes his PAN wef 1-10-2009. There is no need to file NIl Tds return.

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