No TDS on Transport Payments: Declaration Format Under Income Tax Act 2025

Format of Declaration for Non-Deduction of TDS on Payments for Plying, Hiring or Leasing Goods Carriages under Section 393(4), Income-tax Act, 2025

Summary: The document is a formal declaration to be executed on Rs. 200 stamp paper and notarized for claiming non-deduction of Tax Deducted at Source (TDS) on payments made to transporters under Section 393(4) of the Income-tax Act, 2025. It requires the transporter to confirm engagement in the business of plying, hiring, or leasing goods carriages and to declare that they do not own more than ten goods vehicles during the relevant financial year. The declaration must include PAN details, a list of owned vehicles, and confirmation that payments received fall within the specified exemption provisions. The transporter also undertakes to notify any change in eligibility conditions and affirms the accuracy of information provided. Additionally, an indemnity clause protects the payer from liabilities arising due to false declarations. This declaration enables the payer to comply with statutory requirements and avoid TDS deduction where conditions are satisfied.

(To be prepared on ₹200 Stamp Paper and notarized)

Declaration for Non-Deduction of TDS on Payments for Plying, Hiring or Leasing Goods Carriages under Section 393(4), Income-tax Act, 2025

To,
[Name of the Payer]
[Full Address with Pin Code]

Subject: Declaration for non-deduction of tax at source on payments to transporter –Reg.

I/We, [Name of Transporter], Proprietor/Partner/Director of M/s [Firm Name], having our office at [Full Address], do hereby declare as under:

1. I/We am/are engaged in the business of plying, hiring, or leasing of goods carriages.

2. I/We hereby declare that I/We do not own more than ten (10) goods carriages at any time during the Financial Year 2026-27.

3. I/We further declare that the sums credited or paid or likely to be credited or paid to me/us during the said financial year are in respect of my/our business of plying, hiring, or leasing of goods carriages and are covered under Section 393(1), Sl. No. 6(i) of the Income-tax Act, 2025, and that I/We satisfy the conditions specified under Section 393(4)(a) of the said Act for non-deduction of tax at source.

4. My/Our Permanent Account Number (PAN) is [PAN] (copy enclosed), as required under the provisions of the Act.

5. Details of goods carriages owned by me/us during the financial year are as follows:

6. I/We undertake to intimate you immediately in writing in case there is any change in the above status, including if the condition of ownership of not more than ten goods carriages ceases to be satisfied.

7. I/We hereby declare that I/We am/are furnishing this declaration to enable compliance with the provisions of Section 393(4)(a)(iii) and for furnishing prescribed particulars to the income-tax authority under Section 393(4)(a)(iv) of the Income-tax Act, 2025.

8. I/We further declare that the information furnished above is true and correct to the best of my/our knowledge and belief.

9. I/We agree to indemnify you against any loss, liability, tax, interest, or penalty that may arise due to any incorrect or false information furnished in this declaration.

Place:
Seal_____________________
Date:_______________________________

Signature with
Name:

Designation: __________________________
Mobile No.: ___________________________

******

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