Section 194c

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shalin (Querist)

16 October 2013 it is provided that if gta furnish their PAN then there is no need to deduct TDS u/s 194c. why such provison is made?? isnt it better to deduct TDS irrespective whether pan is provided or not?

Sanket

Sanket (Expert)

16 October 2013 Deductor should furnish a separate return
containing the details of Transport Contractors,
who have provided PAN and TDS has not been
made in accordance to subsection 6 of 194C.
CBDT would be prescribing the format for such
return and the methodology to file such return
shortly.

Nikhil Kaushik

Nikhil Kaushik (Expert)

16 October 2013 Hi Shalin,

An interesting question. Normally people don't ask.

Well the reason for exempting GTA from 194C on production of PAN was that transport operators made presentation to the Income tax department that TDS certificates are not issues immediately by their clients and they are not able to
approach the client again as they may have
to move across the country for their business.

YoU may refer to explanatory note issued by the finance ministry for Finance Act 2009.

Ganeshbabu K

Ganeshbabu K (Expert)

16 October 2013 Not required to deduct TDS if PAN is provided
.
.
Reference : Section 194C Subsection 6
.
.

Ganeshbabu K

Ganeshbabu K (Expert)

16 October 2013 however provision speaks we need to provide details of transporter in tds return
.
.
kindly find my article below link,,and also refer to comments to my article

https://www.caclubindia.com/articles/inclusion-of-transporters-details-in-tds-returns-are-mandatory-17543.asp

shalin

shalin (Querist)

16 October 2013 Thank you experts.. and yes this gonna be helpful

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