16 October 2013
it is provided that if gta furnish their PAN then there is no need to deduct TDS u/s 194c. why such provison is made?? isnt it better to deduct TDS irrespective whether pan is provided or not?
16 October 2013
Deductor should furnish a separate return containing the details of Transport Contractors, who have provided PAN and TDS has not been made in accordance to subsection 6 of 194C. CBDT would be prescribing the format for such return and the methodology to file such return shortly.
An interesting question. Normally people don't ask.
Well the reason for exempting GTA from 194C on production of PAN was that transport operators made presentation to the Income tax department that TDS certificates are not issues immediately by their clients and they are not able to approach the client again as they may have to move across the country for their business.
YoU may refer to explanatory note issued by the finance ministry for Finance Act 2009.
16 October 2013
however provision speaks we need to provide details of transporter in tds return . . kindly find my article below link,,and also refer to comments to my article
CAclubindia
