Tds u/s 194c

This query is : Resolved

Report Abuse Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

04 December 2014 Under what circumstances, nil tds is deducted u/s 194C but return is filed without any challan ??

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
Follow

06 December 2014 One example is payment to transporters without deducting TDS.

In this case details of payments to transporters will be mentioned in the return but TDS amount will be NIL.

Since TDS is NIL there will not be any challans.

Querist : Anonymous

Querist : Anonymous (Querist)

30 December 2014 Then in above example what is the need to fil e tds return??

Upgrade to CAclubindia Pro. Subscribe Now!

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
Follow

31 December 2014 The following information shall be furnished in the TDS return:

1. PAN of the transporter
2. Name of the transporter
3. Amount paid to the transporter
4. Date of payment
5. Section (194C)
6. Reason for non-deduction / lower deduction if any - T