17 April 2010
i have a contractor he have not pan card no. he give us another person pan card no. and tell us that use this pan no for tds purpose and payment made my name
i mean pan card holder and payment receiver name is diffrent so can we doing this procedure contineu. are this is valid according income tax purpose ?
18 April 2010
it lis ilegal and penalty Rs. 10000/-. Moreover after deposit tax the contractor can calim TDS amount from you because you didn't deposit it in him PAN. he can complain in Income Tax. Then you will be in trouble.
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