25 February 2013
What will be the tds deduction if the trans porter has not mentioned the pan number on the Bilty. And he has the pan card in his own name and not in the name of the transport company?
S/206AA requires, The deductee shall furnish his Permanent Account Number to the deductor and both shall indicate the same in all the correspondence, bills, vouchers and other documents which are sent to each other.
Failing to do so may attract TDS @ 20% (no cess to be added on it) or higher rate.
25 February 2013
Dear Vaibhav department is not going to check whether the PAN has been mentioned in the bilty or not. Even many professional submit their bills without mentioning PAN.
So there will not be any problem if the party provides PAN separately. In the instant case if the transport owner provides his PAN the same may be quoted in return thereby allowing the exemption from TDS.
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