TDS OF TRANSPORTER

P : COMPANY OF PUNE

Q : TRANSPORTER (PROPRIETORSHIP) OF DELHI

R:  UNKNOWN PERSON

 

P : RECEIVES SERVICE  OF TRANSPORT FROM Q FOR RS. 30000/-

Q: ISSUED LR IN THE NAME OF XYZ TRANSPOER DULY MENTIONED PAN OF INDIVIDUAL (AS OWNER IS INDIVIDUAL).  SO P DO NOT DEDUCTED TDS AS PER NEW RULE AND PAID THE FULL TRANSPORT CHARGES OF RS.30000/- TO Q.

AFTER SOME TIME P REALIZED THAT PAN GIVEN BY Q WHICH IS SUBMITTED IN E-RETURN IS RELATED TO R WHO WAS NEVER MAKE ANY TRANSACTIONS WITH P.

IN THIS MATTER, WHAT TO DO BY P AND ANY LIABILITY WILL COME TO P?

 

 

 

 

Replies (7)

It was the obligation of P to Deduct TDS and deposit it into central treasury and make it sure to Obtain the PAN and verify the same also at it's end. In this case P done a mistake not verify the accuracy of the PAN disclosed to it. Now P have to deposit the TDS and raise a debit note to the party for the amount of TDS.

I agree with BRJ

Also how P can verify Name of PAN holder is belongs to proprietor of given LR name.? Is it possible?

tds applicable to transporter having private limited company 

 

IT IS BETTER TO OBTAIN COPY OF THE PAN CARD, DULY ATTESTED BY THE TRANSPORTER.  YOU CAN CHECK THE NAME FOR A PAN AS PER IT DEPARTMENT DATA BASE BY ENTERING THE PAN NO AND OTHER MANDATORY DETAILS AS DUMMY  IN A SELF ASST TAX CHALLAN UNDER "E-PAYMENT" PROCESS. ONCE YOU ENTER WITH THE ABOVE DETAILS, AT THE END YOU WILL GET A MESSAGE GIVING THE NAME OF THE PAN CARD HOLDER AS PER DEPARTMENT'S DATA BASE.

Thanks Mr. Sudhakar, but is is possible to verify PAN of each and every Transporter having  around 250 transactionper day. Also in the case of proprietorship, how can we verify the name on PAN card holder is proprietor belongs to the  submitted LR Name (e.g.  LR Name is Laxmi Transport, and the PAN is belongs to Pawan Sharma)

IT IS BETTER TO OBTAIN COPY OF THE PAN CARD, DULY ATTESTED BY THE TRANSPORTER.  YOU CAN CHECK THE NAME FOR A PAN AS PER IT DEPARTMENT DATA BASE BY ENTERING THE PAN NO AND OTHER MANDATORY DETAILS AS DUMMY  IN A SELF ASST TAX CHALLAN UNDER "E-PAYMENT" PROCESS. ONCE YOU ENTER WITH THE ABOVE DETAILS, AT THE END YOU WILL GET A MESSAGE GIVING THE NAME OF THE PAN CARD HOLDER AS PER DEPARTMENT'S DATA BASE.

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