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Tds on transporter

sivaram (Asst Mgr-Taxation) (6918 Points)

19 June 2017

when a transporter owns less than 10 vehicles and he gives a declaration in letter head for a previous year stating that he has less than 10 vehicles should that declaration be vetted by Income tax office ?

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3 Replies

CA Jubair J Jeri (Practicing Chartered Accountant) (147 Points)
Replied 19 June 2017

If case is selected for scrutiny , than of course yes.

sivaram (Asst Mgr-Taxation) (6918 Points)
Replied 19 June 2017

no i am not asking if selected for scrutiny i am asking in general we take declaration and if the transporter states he owns less than 10 vehicles in letter head for a previous year should that be vetted by income tax department is the question

CA Jubair J Jeri (Practicing Chartered Accountant) (147 Points)
Replied 19 June 2017

No , How will they examined as declaration is not filed.Indirectly you are giving details of transporter in TDS returns you filed quaterly i.e amount of payment made , Pan of transporter etc. If transporter making false declaration he will penalised in respected Income Tax provisions , once it comes to notice of income tax departement.