TDS u/s 194C - Form No. 15I - Form No. 15J

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V N HARI

CHARTERED ACCOUNTANT

383 Points Posted on 12 November 2008

Dear Group Members,

Hi every body

I need a clarification in the following matter

U/s 194C if a transporter make payments to a sub contractors who is not having more than 2 lorries, then no need to make any TDS on such payments provided the transporter obtains a declaration in form no. 15I from the sub-contractor. A part from the above, the transport has to file a declaration in form no. 15J before the concerned commissioner of Income tax on or before 30th June of every year.

Now my question is, Wheter If the transporter obtains from no. 15I from the sub-contractors but failed to file the declaratio in form no. 15J before the concerned Commissioner of Income Tax, will lead to dis allowance u/s 40(a)(ia) or will attract any penality.

In my view, failed to file from no. 15J before the CIT is only a procedural laps....

I need your guidence in this regard

Thanking You,

V.N.Hari

Replies (12)

S.Srinivasaraghavan

Chief Financial Officer and Co

10628 Points Posted on 12 November 2008

No. It is not a procedural lapse as it is compulsory to file it otherwise it defeats the purpose of filing it.

Guest

Posted on 08 December 2008

Sir, I'd like to know if a transporter obtains Form No. 15I from the sub-contractor but fails to file a Declaration In Form No. 15J to the concerned authority, then what's the liability of the Transporter in this case.Please clarify me the whole issue

Thankiny You

Gaurav agarwal

Guest

Posted on 09 December 2008

Originally posted by :Guest
"	Sir, I'd like to know if a transporter obtains Form No. 15I from the sub-contractor but fails to file a Declaration In Form No. 15J to the concerned authority, then what's the liability of the Transporter in this case.Please clarify me the whole issue GThankiny You Madan Sharma	"

akash saraf

accountancy

22 Points Posted on 25 June 2009

sir i have understood the above but i wanted to know that is 15 i applicable to pvt ltd companies or limited companies owning not more than two trucks during the previous year

ANSHUMAN KHANDELWAL

JOB

133 Points Posted on 26 June 2009

Can we file Form 15 J in CD along with

ekalra_ca

CA Practice

22 Points Posted on 02 July 2009

Originally posted by :S.Srinivasaraghavan
"	No. It is not a procedural lapse as it is compulsory to file it otherwise it defeats the purpose of filing it.	"

S G

Director

26 Points Posted on 11 August 2009

w.e.f 01.10.09 and w.e.f. 01.04.10 can 15I be accepted without pan no. is it vaild and no TDS is to be deducted for the same

S G

Director

26 Points Posted on 11 August 2009

w.e.f 01.10.09 and w.e.f. 01.04.10 can 15I be accepted without pan no. is it vaild and no TDS is to be deducted for the same

CA Barkha Bhasin

Chartered Accountant

242 Points Posted on 06 November 2009

hiiii

thanks sir for updating and clearfiy the info abt forms 15i and 15j

Umesh Rohilla

Manager

26 Points Posted on 14 November 2009

Dear All I would know that w.e.f. 01.10.2009 no TDS deducted in case of Transporter which having valid PAN Card. In that case we will have to submit a decleration for such transporter where we have not deducted TDS, please guid us what format and dt of submission of the said deceleration. If you have format of the above such decleration, please mail/atteched here.

shailendra

Accounts Executive

130 Points Posted on 20 October 2011

If the transporter obtains form no. 15I from the sub-contractors but failed to file the declaration in form no. 15J before the concerned Commissioner of Income Tax, will not lead to dis allowance u/s 40(a)(ia) but will attract penality(depend upon circumstances) of Rs. 100 for every day during which the failure continues