TDS Return

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 January 2010 As per Income tax Act There is no deduction of TDS on Transporter which have PAN . But we have to submit a return for payment to transporter. Kindly suggest in which form we will submit it. whether it is submitted along with tds return or in tds return with the rate prescribed 0%.

Kindly clerify

regards

Rajeev Chawla
mail id :
rajeevchawla28@yahoo.co.in

Manish V. Khatri

Manish V. Khatri (Expert)
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07 January 2010 Yes, your are correct that Transporter who have provided PAN to a deductor, then in that case deductor is not liable to deducte Tax. However as such under the Income-tax Act, 1961 have not specified any FORM for this.

But you can collected the self-certified copy of PAN and if he taken the TDS waiver certificated from the Income-tax Act, 1961 you must collect from the same or Declaration saying no deduction of TDS from the services provided by the Transporter.