No TDS on Transport Contracts – Download our declaration Form

Under 194C – Payer need not deduct tax at source (TDS) on payments made to transport contractors towards plying, hiring or leasing goods carriages, if:

  • Contractor owns 10 or less Goods Carriage Vehicles at any time during the financial year
  • Contractor Quotes his PAN
  • Gives a declaration quoting his PAN and that he owns 10 or less Goods Carriage Vehicles as on date, in the following manner:

 

T.D.S. DECLARATION U/S 194C

 

TO, [PAYER]                                                                                                      

NAME: ……………………………………………………….

PAN:-…………………………………………………………..

ADDRESS:-…………………………………………………..

…………………………………………………………………….

…………………………………………………………………..

 

TO, [Truck Owner/Transport Contractor]                                                                                                             

NAME: ……………………………………………………….

PAN:-…………………………………………………………..

ADDRESS:-…………………………………………………..

…………………………………………………………………….

…………………………………………………………………..

 

FINANCIAL YEAR : ……………………………. [For the Period  :- …………………………………]

 

I,……………………………………………………………………………………………………………………………………………………………………………………[INDIVIDUAL/PROPRIETOR/PARTNER/DIRECTOR]  [CONTRACTOR] DO HEREBY MAKE THE FOLLOWING DECLARATION AS REQUIRED BY SUB SECTION (6) OF THE INCOME TAX ACT, 1961, FOR RECEIVING PAYMENTS FROM THE PAYER WITHOUT DEDUCTION OF TAX AT SOURICE.

 

  1. I/WE [THE CONTRACTOR] AM/ARE ENGAGED BY THE PAYER FOR HIRING OR LEASING OF GOODS CARRIAGE FOR ITS BUSINESS.
  2. THAT I DOESN’T OWN MORE THAN 10 GOODS CARRIAGE VEHICLES AS ON DATE.
  3. THAT IF THE NUMBER OF GOODS CARRIAGES OWNED BY ME EXCEEDS 10 AT ANY TIME DURING THE FINANCIAL YEAR …………………………I SHALL FORTHWITH, IN WRITING INTIMATE THE PAYER OF THIS FACT.
  4. THAT THE INCOME TAX PERMANENT ACCOUNT NUMBER OF ME (THE CONTRACTOR/TRUCK OWNER) IS ………………………….

PLACE:-                ………………………..                               DATE:-……………………………

………………………………………………………….

[DECLARANT SIGNATURE]

VERIFICATION

I THE ABOVE NAMED DECLARANT DO HEREBY VERIFY THAT THE CONTENTS OF THE PARAGRAPHS 1 TO 4 ABOVE ARE TRUE TO MY KNOWLEDGE AND BELIEF AND NO FACTS ARE FALSE AND NOTHING MATERIAL HAS BEEN CONCEALED. IN IT.

PLACE:-                ……………………………………..               DATE:-………………………………….

………………………………………………………….

[DECLARANT SIGNATURE]

 

DOWNLOAD TDS Declaration For Transporters in word format

Dilip Kumar

+Dilip Kumar (Author and Editor of The Tax Info) is a CA Student from Hyderabad, Loves Blogging on Tax related matter.

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