TDS
This query is : Resolved
22 September 2009
TDS on Transporter Contractor is NIL, in case of having PAN w.e.f. 01/10/2009. Then What about the contractor having PAN but furnish a certificate of lower rate U/s 197. In this case whether TDS should be done on basis of lower rate certificate or no TDS should be deducted?
22 September 2009
TDS is a duty on the persons making payments and they are relived from this duty w.e.f 01.10.2009 for payment to transport operators subject to production of PAN.
So we need not to deduct tax even if a person is having a back dated certificate for lower rate of TDS.
However in case a person is having such certificate and not showing his PAN then we must continue with TDS at such lower rate.
Cheers
Sanjay
So we need not to deduct tax even if a person is having a back dated certificate for lower rate of TDS.
However in case a person is having such certificate and not showing his PAN then we must continue with TDS at such lower rate.
Cheers
Sanjay
22 September 2009
The furnishing of a Certificate for deduction of tax at lower rate can be construed as furnishing of PAN by the transporter.
In such an eventuality, in my opinion, tds need not be deducted.
Separate return for such non deduction has to be filed. This will be an additional compliance burden.
In such an eventuality, in my opinion, tds need not be deducted.
Separate return for such non deduction has to be filed. This will be an additional compliance burden.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund of AY 22-23
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Tax on capital gains revoked us 54f
- TDR receipts for agreement holder
- Inventory of finished goods
- Applicability of Ind As to associate of associate
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Disallowance of Section 43B(h) to sez units
- GST APPLICABILITY ON POLLUTION CHECK SERVICE
- Refund AY 2012-13 and 2013-14
- DIRECT TAX CODE 2025
- MODEL FILLED AUDIT REPORT FOR TRUSTS IN FORM 10B
- 115TD on cancellation of 12A 80G Registration
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- CASE INTIMATION OF LIABILITY UNDER SECTION 73(5)(Rule 142(1A)
Trending Online Classes
CAclubindia
