tds on transporter

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CA DINESH SHARMA (Querist)
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15 December 2010 Dear sir, I would like to know what format has been prescribed for transporter who has not deducted TDS from small transporter who has submitted the PAN.Pliz specifty.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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15 December 2010 in form 26Q
(6) No deduction shall be made from any sum credited or paid or likely to be credited or paid during the previous year to the account of a contractor during the course of business of plying, hiring or leasing goods carriages, on furnishing of his Permanent Account Number, to the person paying or crediting such sum.

(7) The person responsible for paying or crediting any sum to the person referred to in subsection (6) shall furnish, to the prescribed income-tax authority or the person authorised by it, such particulars, in such form and within such time as may be prescribed.

In terms of sub section (7), now such transactions are to be reported in regular eTDS statement.
All such deductions to transport contractors where tax has not been deducted are to be marked “T” in the column Reason for Non-deduction / Lower Deduction, if any in the deductee details

Praveen Sharma

Praveen Sharma (Expert)
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16 December 2010 agree with Aditya.

CA DINESH SHARMA

CA DINESH SHARMA (Querist)
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25 December 2010 What if the deductor has no other tds to be deducted and tds to be paid, In such case whether he has to obtain TAN and file nil return with details of pan of transporter or not? please suggest.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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25 December 2010 I dont think there would be any such person who does not have TAN and making payment to transporter. However in a particuar quarter there could be no deduction where u have to file a nil return in think.

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