SIr
We know that Firms are exempted for deducting TDS on Transporters if they provide PAN No.. So wat r Auditors Duties in this regard under Income Tax Audit of these Firms not deducting TDS ?
CA Sahil Singla.. (Service Tax ) (3746 Points)
28 January 2011SIr
We know that Firms are exempted for deducting TDS on Transporters if they provide PAN No.. So wat r Auditors Duties in this regard under Income Tax Audit of these Firms not deducting TDS ?
praveen
(Chartered Accountant)
(6971 Points)
Replied 28 January 2011
FIrst make an extract of all the transporters which will be equal to your transporation or freight expense ledger....
then ask the party to give the PAN details...
cross check a few entries
V P Narasimhan
(Accounts Manager)
(791 Points)
Replied 04 February 2011
1) They have to mention their PAN in their Bills.
2) Obtain xerox copy of their PAN & keep it in a master file.
3) If its in large volume make a sample checking other wise check thePAN & mentioned in the Bill are the same other wise you have to shell out 20%
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
