22 October 2011
The transport company has furnish PAN and his limits are also exceeding Rs 2,00,000 and the company has deducted 2 % TDS on bill amounts......
Query is : The transport co. has provided PAN and TDS is deducted so is this correct???
(As By Providing PAN There Is No Liability On The Company To Deduct TDS)
23 October 2011
assesee can deduct on mutual consent. but if PAN quated assessee will not lible to deduct TDS. but all detail to be given in TDS return.
CAclubindia
