Tds on transporters w.e.f 01.06.2015

This query is : Resolved

Laxmikant (Querist)
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06 April 2015
Dear Sir,

From 01.06.2015 onwards the exemption will be available only those transporters who own ten or less good carriages any time during the previous year. Such Transporter would also need to furnish a declaration.

Pl. forward Format of declaration from Transporter.

Thanks & Regards
L.D.Dharmadhikari

CA John Abraham Austin ACA

CA John Abraham Austin ACA (Expert)
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06 April 2015 The format of declaration is yet to be published by the IT Department.
However, just get a declaration form him citing his PAN and mention that "i/we do not own more than 10 goods carriage vehicles at any time drng the preious year and get it signed fro the Authorized Signatory.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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18 May 2015
Sample Declaration u/s 194C(6) for non-deduction of tax at source.

To,

__________ (name of the Payer)

__________ (Address of the Payer)

Declaration

I, ________, Proprietor / Partner / Director of M/s _________________ (name and address of Payee) [hereinafter “the contractor”] do hereby makes the following declaration as required by sub section (6) of Section 194C of the Income Tax Act, 1961 for receiving payments from the payer without deduction of tax at source:-

1. That I/We am/are authorized to make this declaration in the capacity as proprietor/partner/director.

2. That the contractor is engaged by the payer for plying, hiring or leasing of goods carriage* for its business.

3. That the contractor does not own more than 10 goods carriage* as on date.

4. That if the number of goods carriages* owned by the contractor exceeds ten at any time during the previous year 2015-16 (i.e. 01.04.2015 to 31.03.2016) or after furnishing this declaration, the contractor shall forthwith, in writing intimate the payer of this fact.

5. That the Income Tax Permanent Account Number (PAN) of the contractor is ____________ . A self-attested photocopy of the PAN is furnished to the payer along with this declaration.

Place : ______

Date : _______ (Name of Declarant)

Verification

I, the above named declarant do hereby verify that the contents of the above paragraphs one to five are true to the best of my knowledge and belief, and no part of it is false and nothing material has been concealed in it.

Place :

Date:

(name of Declarant)

* Goods Carriage” means any motor vehicle constructed or adapted for use solely for the carriage of goods, or any motor vehicle not so constructed or adapted when used for the carriage. [Explanation (a) to subsection (7) of Section 44AE read with Explanation (ii) of Section 194C and Section 2 of the Motor Vehicles Act, 1988.]

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