APPLICABILITY OF TDS

This query is : Resolved

NIRAV SAVLA (Querist)
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11 July 2011 IS CO OP SOCIETIES NOT HAVING PAN AND TAN BUT AUDITING ITS ACCOUNTS ARE LIABLE TO DEDUCT TDS ON CONTRACT AND PROFFESSIONAL CHARGES?

WHAT ARE THE PROVISIONS IF THEY DON'T DO SO?

CS Bijoy

CS Bijoy (Expert)
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11 July 2011 According to me in case of TDS PAN number of the Deductee is required and not deductor so it can deduct TDS.

But if it deduct TDS it have to file TDS return for which it require PAN number so in this regard it can deduct TDS but before the due date of Return obtain the number required and file the return.