if payment is made to a transporter whose aggregate payment exceeds rs. 75000/- and he submits his PAN and as such no TDS is deducted. Now the question is whether the payer has to file TDS return ? (assuming no other TDS liability)
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Tds
Replies (6)
No , If you have not deducted any TDS then filing of TDS return is not mandatory.
Yes, i also agree with Nishant Ji.
Even zero TDS, but when you have Transporters PAN details to communicate to department, its always preferred to file NIL TDS with the transporters details, this will keep yourself updated with all provisions.
in case of non filing, and if the PAN data of transporter is not available to yourself or it mismatch with any reason, the whole 20% liability will get imposed to yourself, so better to step ahead and file the return.
yes, sharmaji thats what i want to know.
the provision says we have to intimate the department, and i thnk the procedure to intimate is TDS return, if there is any other procedure do let me know.
for above i would like to say that for non deduction of TDS the liability on us woulb be 100% and not 20% if i am not mistaken
You have to file e-TDS return mentioning PAN of transporter and mention "T" (In case of Transporter) Code in Reason for non - deduction or lower deduction column
As per latest amendment to file e-tds return mentioning pan no. of the transporter
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