there is a provision of no tds on payment made to the transporter if he furnish the PAN to the deductor. Question is, whether the details of such payment made without TDS are required to be furnished in 26Q or in any other manner? please reply????????
7 Replies
sainath
(student)
(43 Points)
Replied 18 January 2011
as per my opinion since there is no need to deduct Tax there is no need show any details of that particular deductor in form 26q
CA Harshit Rastogi
(Chartered Accountant)
(722 Points)
Replied 18 January 2011
Yes, U r required to give detail of PAN of Tansporter In form 26 q
As per the new guidlines of NSDL u should provide the PAN and mark as "T" in the coloumn of reason for non deduction of TDS.
vinay sharma
(CA final (Article))
(327 Points)
Replied 19 January 2011
yes u r required to file TDS return on every qtr. end
NARENDER PAWAR
(CA final Student)
(337 Points)
Replied 19 January 2011
tds provision is not applicable, if we paid any amount to any transporter for taken any service from him.
so in my opinion its no need to show in the returns that transactions
SUNNY
(CA Final & CS Professional)
(327 Points)
Replied 19 January 2011
Mr. alpesh while filing your TDS RETURN 26Q you are required to mention all the transporter details on which no TDS deducted.
and if PAN of any transporter is not available then TDS Shall liable to be deducted @ 20%.
ibrahim
(article trainee)
(26 Points)
Replied 19 January 2011
Dear Harshit Rastogi,
I agree with what you said.
But can i have that NSDL guidelines link or can you upload the same...?
Thanks in advance.
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