sona1 (MANAGER) (352 Points)
18 July 2020Transporter submitted his pan card & declaration letter (for non deduction tds us 94 c owing less than 10 good carriage) so we have not deducted any TDS against Rs. 38120.00 Dt.12.02.2020. Now auditor said this above transaction shown in 26Q,4 return . How to shown this transaction in 26 Q return because tds value is 0.00 . Please send us procedure
CA Raj Doshi
(Practising CA)
(8795 Points)
Replied 18 July 2020
niloy sanyal
(account manager)
(777 Points)
Replied 30 July 2020
Not deducted any TDS for transporter so not showing in return q1,q2,q3 ( f.y.19-20) because he submitted PAN Card & Declaration letter ( non deduction TDS u/s 94 c owing less than 10 good carriage) . But Our Auditor said the REVISED return must be done against this. How to REVISEDabove return because tds value is 0.00
sona1
(MANAGER)
(352 Points)
Replied 11 August 2020
Originally posted by : Raj C Doshi
Yes that's possible. In this way, the amount will get reported in 26AS of the transporter but with NIL TDSTo incorporate Nil rate transp inorter entries in etds return by inserting a tag "T" in remarks in 26q
Thanks Raj sir for your valuable answer which help us to submitted Q4,2020 return with including transporter details. Now auditor said Revised return done for transporter back quarter i.e. Q1,Q2,Q3. How to done revised return for transporter which TDS valu 0.00 urgent basis
CA Raj Doshi
(Practising CA)
(8795 Points)
Replied 11 August 2020
Asha Kanta Sharma
(Manager - Finance & Accounts)
(10529 Points)
Replied 11 August 2020
https://www.incometaxindia.gov.in/Pages/tax-services/tds-correction-statement.aspx
sona1
(MANAGER)
(352 Points)
Replied 20 August 2020
Originally posted by : Raj C Doshi
Request conso file and file correction return after adding the transporter entries and Inserting tag "T".
Thaks for your valuable answer . But Without challan added online( because challan value is 0.00) how to adding the transporter details ( inserting tag T) in Annexture I (deductee details) for correction return ( against conso file)URGENT BASIS
CAclubindia
