Business Daily from THE HINDU group of publications Monday, Jun 26, 2006 |
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Roadways Taxing truckers Our Bureau
The Central Board of Direct Taxes in an order has made it clear that the failure on the part of the consignee to issue TDS certificate to truck operators within the specified period will attract penalty of Rs 100 per day for the period during which the failure continues. The order has been issued in the wake of representations received by the Board from the various transporters' organisation, particularly All India Confederation of Goods Vehicle Owners Association (ACOGOA), pointing out the difficulties faced by truck operators. In cases where payment was received by the truck operator from the consignee on delivery of goods, the certificate would either not be issued or, if issued, would be in the name of the consignor in place of the truck operator. As a result, the truck operator concerned could not claim relief for the tax deducted from his earning. The CBDT order, it is hoped, will remove the difficulties so far faced by him. ACOGOA claims that its effort has yielded results benefiting the truck operators.
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