Tds on freight to transporter u/s 194c, reporting in return

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stapler (Querist)

28 April 2019 Do we need to report in our quarterly TDS return, the payment of freight to one transporter which is below the taxable threshold (ie., single transaction less than thirty thousand and cumulative payment during the FY below 1.00 lakhs.)
If yes, then how to show?
Does it matter if he gives his PAN and/or decalaration (for less than 10 trucks), or if he doesn't?
Kindly enlighten.
Thanks and regards.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

28 April 2019 No, not required to report.
If declaration is given no need to deduct TDS for exceeding the limits.

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stapler

stapler (Querist)

28 April 2019 Thanks Sir for the help.
So that means we have to not report transactions till these are below the threshold. But as soon as the threshold is crossed, we have to either obtain declaration, or deduct tax on entire cumulative amount.
Now if tax is deducted, we need to report all payments made to the concerned transporter in the coming quarterly return even though these might pertain to earlier quarters when these were not reported because cumulative total at that time was below 1 lakh. Am I correct Sir?
But if transporter gives declaration, as you said, till reaching threshold, there was no need to report. However on crossing 1 lakh, how do we report the declaration in return? Do we include all payments from rupee one till 1 lakh also in the coming quarterly return?
Kindly enlighten. Regards.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

28 April 2019 1 yes you are right.
2 Crossing the limit Nil TDS To incorporate Nil rate transporter entries in etds return by inserting a tag "T" in remarks in 26q.

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