08 April 2010
Payments to transporters without deducting TDS (as they have quoted PAN) should be reported by Deductor with PAN details to the Income Tax Department in the prescribed format. My Question is that whether the department has provided that "precribed format" & what r the dates to submit such details? Whether we need to submit them with the TDS returns or at any particular dates- say monthly, quarterly or yearly?
Extension to the above question. Do v need to show the details of payment/credit to the transporters by mentioning the nil amt. of TDS in the TDS returns. or should v wait for the format only? Thanks
CAclubindia
