regarding tds rate
This query is : Resolved
20 October 2009
1% for Individual/HUF recipient
2% for other recipient
For transporters of goods carriage in case no PAN same as above , NIL if PAN given.
2% for other recipient
For transporters of goods carriage in case no PAN same as above , NIL if PAN given.
20 October 2009
W.e.f April 01, 2010
TDS Rate when PAN not available: Section 206AA: If deductee fails to furnish PAN to deductor, the deductor shall apply
highest of the following rates for deducting TDS:-
• at the rate specified in the relevant provision of this Act; or
• at the rate or rates in force;
• or at the rate of 20%.
So if PAN is not mentioned by the deductee then highest rate of 20% will be apply accordingly.
TDS Rate when PAN not available: Section 206AA: If deductee fails to furnish PAN to deductor, the deductor shall apply
highest of the following rates for deducting TDS:-
• at the rate specified in the relevant provision of this Act; or
• at the rate or rates in force;
• or at the rate of 20%.
So if PAN is not mentioned by the deductee then highest rate of 20% will be apply accordingly.
20 October 2009
Yes but as expert Chetan said remember 20 % rate is w.e.f Ist April'2010.
Now its 0% if PAN available
otherwise 1% or 2 % depending the status of the recipient.
Now its 0% if PAN available
otherwise 1% or 2 % depending the status of the recipient.
20 October 2009
I have also mentioned the application date of sec 206AA.
Rate from 01 Oct to March 31 u have mentioned that, i agree to the rates.
Rate from 01 Oct to March 31 u have mentioned that, i agree to the rates.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- GST ON EXPORT COMMISSION
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
