In Form No. 17 its compulsory to fillup deductee PAN. What happen if the deductee has got income less than taxable limit & doesnt have PAN. (ex :- Mr.X having annual income only Rs. 40000/-. Also Mr. X got professional charges(only one year)Rs. 50000/- from the XYZ Ltd co. The company must deduct TDS from X, X does not having PAN. But X can take certificate (NIL deduction) from IT dept. for Applying same PAN is reqired. Pls suggest me without Deductee PAN or without Tax Deduction, XYZ co. can make the Professional charges Payment to Mr.X)
23 June 2009
Hi, There seems to be no alternative in my opinion. You have to take the PAN card. Experts please clarify if there is any alternative available.
CAclubindia
