Etds queries

This query is : Resolved

M.Bala Subramanyam (Querist)
Follow

16 December 2015 Dear Sir,

1) I am joined in a private firm, where 2014-15 etds 26Q return filed, the party is proprietory concern, pan is in his personal, the transactions are in proprietory firm name. Now etds default showing that pan error, and demand raised @ 20%. My question is in etds return they mention firm name, now we can mention proprietor name.

2) For Sec.195 other sums payments to NRI, the rate of deduction of TDS is 20% of 30%,

Please clarify the same.

Thanking you,
M.Balu

CA CMA CS Ram Pavan Kumar Melam

CA CMA CS Ram Pavan Kumar Melam (Expert)
Follow

16 December 2015 In income tax for the purposes of crediting TDS through quarterly e-tds return, only PAN of the assessee is relevant. Name has no relevance, whether the return contains firm name or proprietor's name.