Transporter submitted his pan card & declaration letter (for non deduction tds us 94 c owing less than 10 good carriage) so we have not deducted any TDS against Rs. 38120.00 Dt.12.02.2020. Now auditor said this above transaction shown in 26Q,4 return . How to shown this transaction in 26 Q return because tds value is 0.00 . Please send us procedure
6 Replies
CA Raj Doshi
(Practising CA)
(8924 Points)
Replied 18 July 2020
Yes that's possible. In this way, the amount will get reported in 26AS of the transporter but with NIL TDS
To incorporate Nil rate transporter entries in etds return by inserting a tag "T" in remarks in 26q
To incorporate Nil rate transporter entries in etds return by inserting a tag "T" in remarks in 26q
niloy sanyal
(account manager)
(777 Points)
Replied 30 July 2020
Not deducted any TDS for transporter so not showing in return q1,q2,q3 ( f.y.19-20) because he submitted PAN Card & Declaration letter ( non deduction TDS u/s 94 c owing less than 10 good carriage) . But Our Auditor said the REVISED return must be done against this. How to REVISEDabove return because tds value is 0.00
sona1
(MANAGER)
(365 Points)
Replied 11 August 2020
Originally posted by : Raj C Doshi
Yes that's possible. In this way, the amount will get reported in 26AS of the transporter but with NIL TDSTo incorporate Nil rate transp inorter entries in etds return by inserting a tag "T" in remarks in 26q
Thanks Raj sir for your valuable answer which help us to submitted Q4,2020 return with including transporter details. Now auditor said Revised return done for transporter back quarter i.e. Q1,Q2,Q3. How to done revised return for transporter which TDS valu 0.00 urgent basis
CA Raj Doshi
(Practising CA)
(8924 Points)
Replied 11 August 2020
Request conso file and file correction return after adding the transporter entries and Inserting tag "T".
Asha Kanta Sharma
(Manager - Finance & Accounts)
(36355 Points)
Replied 11 August 2020
https://www.incometaxindia.gov.in/Pages/tax-services/tds-correction-statement.aspx
sona1
(MANAGER)
(365 Points)
Replied 20 August 2020
Originally posted by : Raj C Doshi
Request conso file and file correction return after adding the transporter entries and Inserting tag "T".
Thaks for your valuable answer . But Without challan added online( because challan value is 0.00) how to adding the transporter details ( inserting tag T) in Annexture I (deductee details) for correction return ( against conso file)URGENT BASIS
Recent Topics
- CLAIMING OF U CLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
- Rectification to decrease income in SCHEDULE OS
- Can Statutory Auditor of a subsidiary become concu
- Client Asking for the Revised Invoice
- Share office desk in bkc, near family court
- 80D claim for payment paid by parent
- TDS on purchase of Flat under subvention scheme be
- GST registration for medical shop in Karnataka
Related Threads
CAclubindia
