01 April 2014
Hello Experts,
I would like to know, is there any way our for my case?
My building has gone under redevelopment and builder makes a payment to my grandmother (owner of the flat) to reimburse rent of 288000 p.a.Now he will deduct TDS on it and my grandma dont have PAN card, so ge will deduct 20% TDS.Also to apply for a PAN for grandma will take time as we dont have date of birth evidences. so we would be able to arrange it and get PAN for grandma but it will take time. please suggest me a way out
02 April 2014
When you get the PAN ask the Vendor to revise TDS Return and thenafter he shall issur you Form- 16A and you shall be able to claim the tax deducted