[aaykarbhavan] Nil TDS Return

AS PER SECTION 194 C, NO TDS IS DEDUCTABLE FROM A TRANSPORTER IF PAN NUMBER IS PROVIDED. BUT WE HAVE TO FILE A " NIL TDS RETURN ".

MY QUERRY IS,

NIL RETURN IS TO BE FILED FOR PAYMENTS THAT EXCEED THE THRESHOLD LIMIT OF RS. 30000/- AND 75000/- TO SINGLE TRANSPORTER, OR NIL RETURN IS ALSO TO BE FILED IF PAYMENT IS MADE, SAY, ONLY RS. 25000/- IN A YEAR TO A TRANSPORTER.

THIS THRESHOLD LIMIT IS FOR CONTRACTORS INCLUDING TRANSPORTERS OR TRANSPORTERS ARE NOT COVERED IN THIS LIMIT.

I HAVE MADE PAYMENT OF RS. 25000/- FROM MY PARTNERSHIP FIRM, TO A TRANSPORTER DURING FIN. YR. 2013-2014. TRANSPORTER HAS PROVIDED HIS PAN NUMBER. DO I NEED TO FILE A NIL TDS RETURN OR NOT.

PLEASE ADVISE.
Sent from my HTC

----- Reply message -----
From: "Dipak Shah" <djshah1944@yahoo.com>
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Subject: [Ranchi_Chartered_Accountants] Free Press Journal
Date: Thu, Apr 10, 2014 6:32 AM

 

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