Tds certificate

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Mekhala (Querist)
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20 July 2012 Please help me... i have deducted tds on commission on sale of a huf paid the same...the member of huf is a partner in our firm...i have issued the TDS certificate in the name of the same partner but i have mention the PAN no of the HUF as i was told its the commisson of huf....but since the certificate is in his own name is the certificate not valid for HUF??? please reply me ...

CA Amit Jaiswal

CA Amit Jaiswal (Expert)
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20 July 2012 Today the TDs certificates are not issued manually. They are generated from the NSDL website. You can issue TDS certificate in the name of only that person whose name you entered at the time of filing TDS return.

To solve the issue you can file a revised TDS return.

Please mention the correct PAN this time.

Mekhala

Mekhala (Querist)
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20 July 2012 Thank You sir.

Mekhala

Mekhala (Querist)
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20 July 2012 Sir i have one more query regarding TDS on trnasportation freight..how is it taxable ie if pan no is mentioned on the bill no need of deducting TDS but is there any limit for freight.. because we receive coal from m'lore and its in a lot of 1000 ton and the freight gets spreed through out from diffrent transporters and almost all the bilties we receive is with the pan no mentioned on them...after crossing a specified limit of freight from one particular do we have to deduct the TDS...?

Mekhala

Mekhala (Querist)
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CA Amit Jaiswal

CA Amit Jaiswal (Expert)
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20 July 2012 The amendment was brought to provide some relief to transporters.

So, if a transporter is providing his PAN, then no need to deduct TDS.

Mekhala

Mekhala (Querist)
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23 July 2012 Thank Your sir

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