TDS DEDUCTION ON PAYMENT MADE TOTRANSPORT CONTRACTER
This query is : Resolved
SIDDAROODHA HIREMATH
(Querist)
20 May 2011
SIR...
THE HLL COMPANY HAS GIVEN CONTRACT TO TRASPORT COMPANIES LIKE TRANSPORT CORPOATION OF INDIA, FIRST FLIGHT TRANSPORTER, SURAT GOODS TRANSPORTERS ,etc. & MADE THE PAYMENT OF RS. 45000/- PER MONTH...(TER 01-10-2009 THE COMPANY HAS NOT DEDUCTED THE TDS BECAUSE THE TRANSPORTER HAS PROVIDED THE PAN COPY . BUT IN SEC 194C THEIR IS A PROVISION FOR THE DEDUCTOR TO SUBIT THE DEATILS OF PAYMENT MADE TO TRANSPORTER IN PRESCRIBED FORMAT (FORM 15J REF RULE 29D)TO INCOME TAX COMMISSIONER
PLS ALSO REFER THE FORM 15I RULE 29D IN THAT THE TDS IS NOT REQUIRED IF THE SUBCONTRACER OWES NOT MORE THAN 2 HEAVY GOOD VEHICLES...
SO MY QUAIRY IS THAT
1.WHETHER THE COMAPNY IS LIABLE TO DEDUCT THE TAX OR NOT TO PAYMENT MADE TO TCI ?
2.IF TDS NOT DEDUCTED WHETHER IT IS REQUIRED TO SUMBIT THE DEATILS IN PRESCIBED FORM TO INCOME TAX AUTHORITIS?...
3.WHAT IS THE MEANING OF SMALL CONTRACTER & CONTRACTER ?
THANKIG YOU...
THE HLL COMPANY HAS GIVEN CONTRACT TO TRASPORT COMPANIES LIKE TRANSPORT CORPOATION OF INDIA, FIRST FLIGHT TRANSPORTER, SURAT GOODS TRANSPORTERS ,etc. & MADE THE PAYMENT OF RS. 45000/- PER MONTH...(TER 01-10-2009 THE COMPANY HAS NOT DEDUCTED THE TDS BECAUSE THE TRANSPORTER HAS PROVIDED THE PAN COPY . BUT IN SEC 194C THEIR IS A PROVISION FOR THE DEDUCTOR TO SUBIT THE DEATILS OF PAYMENT MADE TO TRANSPORTER IN PRESCRIBED FORMAT (FORM 15J REF RULE 29D)TO INCOME TAX COMMISSIONER
PLS ALSO REFER THE FORM 15I RULE 29D IN THAT THE TDS IS NOT REQUIRED IF THE SUBCONTRACER OWES NOT MORE THAN 2 HEAVY GOOD VEHICLES...
SO MY QUAIRY IS THAT
1.WHETHER THE COMAPNY IS LIABLE TO DEDUCT THE TAX OR NOT TO PAYMENT MADE TO TCI ?
2.IF TDS NOT DEDUCTED WHETHER IT IS REQUIRED TO SUMBIT THE DEATILS IN PRESCIBED FORM TO INCOME TAX AUTHORITIS?...
3.WHAT IS THE MEANING OF SMALL CONTRACTER & CONTRACTER ?
THANKIG YOU...
CA MANOJ GUPTA
(Expert)
21 May 2011
1. AS PER SECTION 194C(6) THERE IS NO NEED TO DEDUCT TAX IN CASE OF A TRANSPORT OPERATOR IF PAN IS SUBMITTED TO THE PAYER
2. DETAILS ARE TO BE GIVEN IN THE QUARTERLY RETURNS
CA MANOJ GUPTA
JODHPUR
09828510543
2. DETAILS ARE TO BE GIVEN IN THE QUARTERLY RETURNS
CA MANOJ GUPTA
JODHPUR
09828510543
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