TDS ON TRANSPORTATION

This query is : Resolved

SRIDHAR KUMAR BHANJA (Querist)
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22 April 2010 Dear Sir,

As per the notification of the Income Tax there is no required to deduct tax on the transportation where the valid PAN is avialable. However, whether the details of such expenses is required to submit in the TDS return with valid PAN. Please advise

Thanks / SRIDHAR KUMAR BHANJA

Ram Avtar Singh

Ram Avtar Singh (Expert)
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22 April 2010 No need to do anythig only keep your neet & clean record.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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22 April 2010 JUST ASK THE TRANSPORTER TO PROVIDE YOU A CERTIFIED COPY OF PAN CARD. THATS IT.

Shyam Lal Naik

Shyam Lal Naik (Expert)
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22 April 2010 The transporter need to furnish the PAN. The mode of furnishing is not prescribed.

However, from April'10 onwords, it is compulsory to mention PAN in every invoice, correspondence etc. It shall suffice, if the transporter mentions the PAN in the invoice.

Details of non deduction from transporters on account of valid PAN needs to be furnished to the Income Tax Department, once the manner is prescribed. Till date, there is no such notification.