TDS

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Gaurav (Querist)
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14 October 2010 As per New amendment in quarterly Eds statement Transporter details need to be furnished where no tds has been deducted as PAN number is avaialble.

My query is that detail of each and every invoice/payments needs to be given or lumsump amount during that quarter will also serve the purpose.

Reporting of Transport Contract payments without deduction of TDS
Finance Act 2009 had made an important change in respect of applicability of TDS on
transport contractors. Section 194C was replaced and the following two sub sections provided for
non deduction of TDS on transport contractors
(6) No deduction shall be made from any sum credited or paid or likely to be credited or
paid during the previous year to the account of a contractor during the course of business of
plying, hiring or leasing goods carriages, on furnishing of his Permanent Account Number, to the
person paying or crediting such sum.
(7) The person responsible for paying or crediting any sum to the person referred to in subsection
(6) shall furnish, to the prescribed income-tax authority or the person authorised by it,
such particulars, in such form and within such time as may be prescribed.
 In terms of sub section (7), now such transactions are to be reported in regular eTDS
statement.
 All such deductions to transport contractors where tax has not been deducted are to be
marked “T” in the column Reason for Non-deduction / Lower Deduction, if any in the
deductee details

Rajan Kapoor

Rajan Kapoor (Expert)
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14 October 2010 If payment is within limit of Rs. 30000 (Rs.75000) then no TDS and PAN is applicable and accordingly reporting in TDS return is not required. If payment exceeds the limit then detail of each payment/invoice is required in TDS return.

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