Tds on transportation charges

RESPECTED SIR / MADAM,

                                                  I want to know about the provision of IT Act, 1956 regarding TDS on transporting chgs. Previously  it was rule that when pan is given no tds would be there on it. Is there any change in the rule from financial yr 2012-13?

 

Thanks & Regards

M.Mukherjee

Replies (4)

No...there is no withdrawal of notification by CBDT. Still it continues. No tds on Freight charges

agree with Mr. Ramsai.... the same provision is still there.. i.e. No TDS if  PAN is given in regards to transportation....

 

 

Best Regards,
CA Lovely Arora
ca.lovelyarora @ gmail.com

Yes, Not only collection of PAN card of payee it is mandatory to provide details in TDS return,,ofcourse nil rate on tds on transporters but it is mandatory to report the same in TDS returns Vide ammended rules 31A from 01.4.2012 onwards

 

Kindly refer my article for more detailed view on this

/articles/inclusion-of-transporters-details-in-tds-returns-are-mandatory-17543.asp

 

Kindly refer to comments to this articles,,all your doubts may get settled there

 

Agree with Mr. Ganeshbabu.

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