TDS & PAN
This query is : Resolved
23 June 2009
Experts Pls Pls reply me :-
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)
Thank you
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)
Thank you
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.
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.
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
- Refund of AY 22-23
- Should I include march foreign salary received in April in my income for FY 2023-24?
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Tax on capital gains revoked us 54f
- Inventory of finished goods
- TDR receipts for agreement holder
- Applicability of Ind As to associate of associate
- Sale of property furniture sale
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Disallowance of Section 43B(h) to sez units
- Intimation wrongly states taxpayer has offerred u/s. 44ad & states probable resolutiton to do audit
- Refund AY 2012-13 and 2013-14
- DIRECT TAX CODE 2025
- MODEL FILLED AUDIT REPORT FOR TRUSTS IN FORM 10B
- 115TD on cancellation of 12A 80G Registration
- MIS MATCH OF INVOICE NUMBER
- 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
Trending Online Classes
CAclubindia
