12 August 2014
Can i Deposit cheque of Rs 50,000/- or More without Giving PAN Details to Bankers ? If Yes then is there any maximum limit to deposit Cheque without disclosing PAN Details
12 August 2014
Actually my Parents have Joint A/c in Dena Bank. My father dont have PAN Card & He will be receiving Cheque of More Than 50,000/- So How can I deposit if PAN Card Details are mandatory ?
12 August 2014
but i would suggest u to apply for ur fathers pan as it has many uses and it will not take more then 15 days and the cheque is valid for 3 months from the date mentioned on it
12 August 2014
Yeah Right Tushar Sir, I will Appy for PAN Card, But
If tenant will Deduct TDS on Payment made (i.e. Rent ) to my father, then How Much % They will Deduct ? 10% or 20% ..as My father dont have PAN Card and ( Rent amount is More than 1,80,000/-P.a.)
And Can he claim this TDS Refund Later by Obtaining PAN Card & filing IT Return ?
12 August 2014
20% he has to deduct for non availibilty of pan and yes later u can claim but the tenant needs to revise his tds return so that much tds deducted will be reflected in 26AS
12 August 2014
then i such case without pan how can u claim ur refund and if ur fathers total taxable income is below slab then u claim tds but pan is mandatory for claiming tds
CAclubindia
