23 September 2010
all friends : if i have deducted tds on all transporters payment upto 31.03.2010 because they do not provide pan no. and totally denied for it .
but its not possible to me submit tds return online beacuse 95% pan no. of deductee must . . what will happened with me if return not accepted by department. weather all freight payment will be disallowed and any penalty and interest provision applicable on it .
how i can submit without pan no. of deductee tds return now .
23 September 2010
See.. 1st of all the limit is 85 % & not 95 %.
Since you have deducted TDS & also deposited it , then you are required to file your TDS return.
Since you have paid the TDS, the expenses will not be disallowed, But there is a penalty of Rs. 100/- per day for late tds return filing.
If you are nor reaching to the tally of 85 % PAN, then you should leave some deductees record only (whose PAN are not available to you) to arrive @ 85 %. Then file your tds return. But remember, you must enter the total TDS payment details in the challan detail section.
Once you receive the remaining PAN also, then you can at anytime file a correction statement to your tds return, without any penalty.
23 September 2010
its not possible to me get single transporter pan .tds related to only transporter ,still i want to submit tds return, its possible or not .
CAclubindia
