05 January 2009
The rate of TDS depends on the nature of service against which payment is being made (Professional or technical services,rent, contractors payments etc.)and on the status of payee(Whether company or non company)and not on whether the party is having PAN No. or not.
05 January 2009
At present, possession or otherwise of PAN is not a crieterion for deciding rate at which TDS has to be affected
I understand that in few countries, in cases where Deducutee does not furnish PAN (may be called differently in other countries), TDS is required to be affected at highest rate.
It appears as though there is a need to have similar rule here also
CAclubindia
