I am working with a logistics(transport) company, we enter into transport contracts with the sub contractors for serving our clients.
Now as per the amended provision if
1. the transporter furnishes PAN no tds is not to be deducted
2. if he does not furnishes PAN, tds is to be deducted
Now
While preparing tds return
I will not have to provide detail of 1 above as no tds is deducted
and as regards 2 above I cannot prepare return since I do not have their PAN No.
Kindly advise how should I prepare the return, specific to this case.
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tds return of transporters
Replies (2)
YOUR QUERRY IS VERY TRICKY BUT GOOD.
IN SITUATION 1 YOU WILL FILE NIL RETURN.
IN SITUATION 2 YOU WILL HAVE TO GO BY INDIRECT WAY,WHICH YOU CAN GET FROM ME PERSONALLY, NOT HERE.
I think, the question needs to address to the TDS Department of Local Income tax Office. If they are aware with the latest provision they can answer.
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