Tds on Transportation is NIL if PAN is provided. SO what about the TDS quarterly returns that are to be submitted in case of the Transporters who provide PAN. Do we have to provide the list of the transporters providing PAN. If yes than what is the prescribed format. As when we are filing NIL return of TDS we dont have to provide the deductee records at all. So my question is what is then the procedure of filing the quarterly TDS returns of the Transporters who provide PAN which makes thier TDS rate NIL
10 Replies
Kanhaiya Lal Verma
(Assistant Manager Accounts )
(45 Points)
Replied 20 September 2010
What is the limit of the labour for the registration in ESIC and PF.
is there any provision for the return for the concerned company who is registered under PF and ESIC then what is the proforma.
Please tell me via mail
Thanking Your
Kanhaiya Lal Verma
(Assistant Manager Accounts )
(45 Points)
Replied 20 September 2010
If a company paid Rs 50000 or more for the transportation to any transport company then TDS will be deducted or not.
JINESH SHAH
(PRACTICING CA)
(151 Points)
Replied 20 September 2010
NO NEED TO MENTION IN TDS RETURN IF TDS IN SIL
CA MARUTHI GANDHI
(JOB)
(60 Points)
Replied 20 September 2010
TDS need not be deducted in the case of transporter who has provided PAN.
One more exemption for transporter is we can pay cash up to 35000 in a day.
If transporter does not have PAN then we need to deduct TDS @ higher rates i.e @ 20% from 01.07.10.
anand
(BUSINESS)
(136 Points)
Replied 23 September 2010
is tds deductible on freight paid to courier & cargo people(both registered & unregistered)
anand
(BUSINESS)
(136 Points)
Replied 01 October 2010
the lower limit for no of workers is 20.
half yearly return to be filled for ESIC
CA Atul
(Tax Manager)
(294 Points)
Replied 25 December 2010
You have to mention the name of the party in TDS return form 26Q even there is no TDS deducted only the thing is that only mention "T" in Reason for non-deduction/lower deduction* (428) column.
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