TDS TO TRANSPORTERS
This query is : Resolved
28 January 2011
Respected Sir,
TDS on payment to transporters/transport contrators has been withdrawn w.e.f 1/10/2009. We are follwing the same and making the payment without deduction of TDS. But there is one question in my mind whether at the of filling TDS Return we have to show the name, PAN and amount paid to the transporters! because there is one column in tds return asking reason for non-deduction of tds.
We have filed the tds return up dec 2010 mentioning only those parties details whome tds has deducted.
We just wanted to know that whether our this practice on right way or we are doing some thing wrong!. Please help me.
C A Pravin Singh
TDS on payment to transporters/transport contrators has been withdrawn w.e.f 1/10/2009. We are follwing the same and making the payment without deduction of TDS. But there is one question in my mind whether at the of filling TDS Return we have to show the name, PAN and amount paid to the transporters! because there is one column in tds return asking reason for non-deduction of tds.
We have filed the tds return up dec 2010 mentioning only those parties details whome tds has deducted.
We just wanted to know that whether our this practice on right way or we are doing some thing wrong!. Please help me.
C A Pravin Singh
28 January 2011
Yes you have to show the details of Transporter in case the transaction exceed the threshold limit.You need to mention their PAN , Name & Amount paid credited. Rate of TDS will be mention 0% if PAN is Quoted and TDS amount Nil. Reason of lower deduction select Transporter.
For details see below link---
https://www.caclubindia.com/forum/transporter-details-in-tds-return-faq--111792.asp
For details see below link---
https://www.caclubindia.com/forum/transporter-details-in-tds-return-faq--111792.asp
Message likes :
1 times
28 January 2011
Thank You very much Sir
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- U/s.234E late fee- balated filing the TDS returns
- Traces Portal
- Capital Gain Incidents
- Rectification of TDS return - Sale of property
- Cheque bounce intimation letter
- Applicability of corporate governance provisions as per the SEBI LODR
- RCM AND NORMAL TAX INVOICE
- Transfer of shares from joint holders Demat to individual Demat accounts
- ESI Applicablility As per new wage code
- Closing sole proprietorship CA firm
- Minor Aadhar card cancelled
- Query regarding applicability of UDIN on MCA forms signed using DSC by a Chartered Accountant
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
