Section 194c

Dear Experts,

I just saw 26AS of one of our clients. There was TDS u/s 194C but the TDS amount was NIL.

Is it possible?

If yes please tell me the relevant provision.

Replies (2)

Yes, It is possible. The deductee must be a Transporter having a PAN Card.

As per the rules, no TDS is to be deducted on payments made to Transporter, if they have a PAN Card.

But while filing the quarterly E-TDS Return, the name of the Transporter and his PAN should be mentioned in the Return. And in the Amount colunm it should be 0.

 

Regards,

Devendra Kulkarni

Devendra Example is one scenario and other cases the return might be defective with the amount not mentioned in tax column etc

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