TDS ON TRANSPORT CONTRACT 26Q

ROY LUKOSE (ACCOUNTS MANAGER) (41 Points)

26 June 2010  

TDS ON TRANSPORT CONTRACTORS HAS BEEN ABOLISHED WEF.01.10.2009 PROVIDED THE DEDUCTEE HAS TO PROVIDE HIS PAN. HOWEVER TDS IS APPLICABLE  TILL MARCH 2010 @ 1% ON THOSE WHO ARE NOT HAVING THE PAN , NOW MANY HAS  DEDUCTED TDS AND PAID. BUT THE DEDUCTER IS NOT ABLE TO PROCESS THE  QUARTERLY RETURN 26Q 3 AND 26 Q4 SINCE THE PARAMETER OF 85% PAN REQUIREMENTS. IS THERE ANY SOLUTION SUGGESTED BY DEPARTMENT ,IF IT IS  PLEASE ADVISE.