TDS on transporters services

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YOGESH GUPTA (Querist)
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08 October 2009 U/s 194 as per new amendmends TDS would not be applicable on transporters defined in section 44AE. Does it mean TDS would be deductable on transporters who have more than 10 vehicles.

Also please provide the form and detail we have to furnish to department regarding non deduction of TDS on transporter who provide PAN.

Is there any format in which transporter has to submit his PAN

Regards

Yogesh gupta

CA. B.SRINIVASULU

CA. B.SRINIVASULU (Expert)
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08 October 2009 If pan number is provided then you need not deduct tds. You have to get a certified self attested copy of pan from the transporter.

CA Suresh Choudhary

CA Suresh Choudhary (Expert)
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08 October 2009 agree with expert

YOGESH GUPTA

YOGESH GUPTA (Querist)
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09 October 2009 But how we came to know that the transporter is been covered under section 44AE.

And also in what format we have to furnish detail to the department

Shyam Lal Naik

Shyam Lal Naik (Expert)
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21 October 2009 There is no tequirement to verify whether the transporter has opted for Sec. 44AE.

If the transporter furnishes PAN, no TDS. Manner of furnishing PAN has not been prescribed. Mentioning of PAN on the invoice would be the best solution.

The format for furnishing details to the department is yet to be notified.

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