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Poonawalla fincorps

Transport 0 percent tds return

This query is : Resolved 

04 March 2014 In case of transport 0 percent tds return Is this compulsory

04 March 2014 yes you need to declare all such payments made to transporters in quarterly TDS return.

04 March 2014 Rule 31 of the Income Tax Rules provides that details of transporters whose TDS has not been deducted because they have provided their PAN is required to be furnished in the TDS return.


04 March 2014 As per ammended rule 31A details of transporters required to mention in tds return...using tag T
.
Refer below article which explains this better
.



https://www.caclubindia.com/articles/inclusion-of-transporters-details-in-tds-returns-are-mandatory-17543.asp



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