As per the notification of the Income Tax there is no required to deduct tax on the transportation where the valid PAN is avialable. However, whether the details of such expenses is required to submit in the TDS return with valid PAN. Please advise
22 April 2010
The transporter need to furnish the PAN. The mode of furnishing is not prescribed.
However, from April'10 onwords, it is compulsory to mention PAN in every invoice, correspondence etc. It shall suffice, if the transporter mentions the PAN in the invoice.
Details of non deduction from transporters on account of valid PAN needs to be furnished to the Income Tax Department, once the manner is prescribed. Till date, there is no such notification.
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