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Query

17 October 2014

Tds is not deducted in the payment of transportation charges with subject to PAN no. is it mention in the tax audit report ??

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8 Replies

Bala Pullaiah B (Salaried) (179 Points)
Replied 17 October 2014

Yes

TDS has to be deducted @ 20%

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krishna rachchh (rajkot) (43 Points)
Replied 17 October 2014

But the assessee is not liable to deduct tds

Bala Pullaiah B (Salaried) (179 Points)
Replied 17 October 2014

Assess not liabile for deduction when he is having valid PAN. Otherwise Assess is liable for deduction of TDS

krishna rachchh (rajkot) (43 Points)
Replied 17 October 2014

Okk then where it is mention in tax audit reportthat the transporter is not liable to deduct tds and having valid pan no ....

sachin (senior account executive) (24 Points)
Replied 17 October 2014

Its in income tax act .. TDs at 20% under section 206AA if pan not provided

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satyashi (Student C.A. final) (212 Points)
Replied 17 October 2014

Dear Krishna,

This is a case of transpoter, where TDS is not to be Deducted on the payments made to them if only they provide you with the PAN details otherwise it will be deducted @ 20%.This is applicable from 01.04.2009.this will be reported under the poin no 34a of the form 3CD.

Thank You