Tds on transporter
sivaram (Asst Mgr-Taxation) (6918 Points)
19 June 2017sivaram (Asst Mgr-Taxation) (6918 Points)
19 June 2017
CA Jubair J Jeri
(Practicing Chartered Accountant)
(147 Points)
Replied 19 June 2017
If case is selected for scrutiny , than of course yes.
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 19 June 2017
no i am not asking if selected for scrutiny i am asking in general we take declaration and if the transporter states he owns less than 10 vehicles in letter head for a previous year should that be vetted by income tax department is the question
CA Jubair J Jeri
(Practicing Chartered Accountant)
(147 Points)
Replied 19 June 2017
No , How will they examined as declaration is not filed.Indirectly you are giving details of transporter in TDS returns you filed quaterly i.e amount of payment made , Pan of transporter etc. If transporter making false declaration he will penalised in respected Income Tax provisions , once it comes to notice of income tax departement.