TDS Quarterly Return

With the recent amendment of non deduction of TDS in case of transporters where PAN is furnished by them, are the transaction details of the transporters (where TDS not deducted) still required to be entered in the quarterly TDS returns?

Please reply..

Replies (6)

no... not at all.

Dear,

No details are required to be given in the TDS Return of the Transporters who furnishes their PAN No.

Just for the reason that No TDS is being deducted from thier payment.

NSDL has released a new software(fvu) for Accounting Year 10-11, in which there is a provision for entering payment to transporters on which no tax has been deducted. I, therefore, feel that we should report these payments.

Yes Details are required to be mentioned. For details see below link----

 

 

Transporter details in TDS return FAQ....

Thanks a lot.....

YES

I MYSELF HAVE FILED E-TDS RETURN RELATING SAME ISSUE.

WE HAVE TO REPORT SUCH PAYMENTS MADE TO TRANSPORTERS ALONG WITH THE PAN.WHEN WE MAKE SUCH ENTRY IN DEDUCTEE'S TDS INFO SECTION, WE HAVE TO SELECT OPTION 'T'(i.e for transportors) UNDER 'REASONS FOR NO/LOWER DEDUCTION' COLUMN. 

POST 1/10/2010, A NEW SOFTWARE HAVE BEEN RELEASED BY NSDL, WHICH ENABLES ENTERING THE 'T' OPTION.

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