From 1st July 2010 there is no TDS for Transporters with PAN for that any details from our side has to given to department, Like list of Payments made to Transporters with PAN.
16 December 2010
in form 26Q (6) No deduction shall be made from any sum credited or paid or likely to be credited or paid during the previous year to the account of a contractor during the course of business of plying, hiring or leasing goods carriages, on furnishing of his Permanent Account Number, to the person paying or crediting such sum.
(7) The person responsible for paying or crediting any sum to the person referred to in subsection (6) shall furnish, to the prescribed income-tax authority or the person authorised by it, such particulars, in such form and within such time as may be prescribed.
In terms of sub section (7), now such transactions are to be reported in regular eTDS statement. All such deductions to transport contractors where tax has not been deducted are to be marked “T” in the column Reason for Non-deduction / Lower Deduction, if any in the deductee details