Tds on transportation, pan not available
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 March 2013
I made a payment of Rs.15000/- (only Rs.15000) to a transporter during F.Y.12-13.
the same transporter doesn't have PAN. should i deduct tax @ 20% or Sec.194C is not applicable due the transaction is not more than threshold limit e.i.30,000 or 75,000.
the same transporter doesn't have PAN. should i deduct tax @ 20% or Sec.194C is not applicable due the transaction is not more than threshold limit e.i.30,000 or 75,000.
29 March 2013
you can ignore that. because it is less than 30000
so no detail will be sent to income tax deptt
make sure of this.
otherwise they can issue a notice
yes, you can fight as it is less than 30000/- but you will get problem
so my advice, don't deduct TDS and don't give this detail in TDS return
so no detail will be sent to income tax deptt
make sure of this.
otherwise they can issue a notice
yes, you can fight as it is less than 30000/- but you will get problem
so my advice, don't deduct TDS and don't give this detail in TDS return
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