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Transporter payment declaraton required to not to deduct tds

Ajay (Student CA Final ) (37 Points)

07 October 2015

In case of Transporter payment declaration required to not to deduct TDS U/S 194 C

My qustion is whether it is compulsory as per Law to get declaration in Transporter Letter Head?

If any body have clarity please confirm.

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5 Replies

Rama Krishna (Dy.Manager Finance) (38 Points)
Replied 07 October 2015

If not on letterhead, it can also be taken on plain paper with proper address stamp affixed on face of the declaration. That is also a sufficient form of declaration...

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Akshay.S (CA Final) (94 Points)
Replied 07 October 2015

But most of the transporter are providing fake declaration that they do not own more than 10 vehicles. How to control this issue. ?

CA Raj Doshi (Practising CA) (8924 Points)
Replied 08 October 2015

You take the declaration and preserve it safely. Do no deduct tds. Let income tax dept do their work of tax evasion.

Rama Krishna (Dy.Manager Finance) (38 Points)
Replied 08 October 2015

Our responsibility ends once take proper declaration from transporter. After that, risk will be with the transporter giving the declaration. Anyhow you r going to declare the transporter payments in quarterly e TDS return.