The New Challan Form.17 for TDS pyment require PAN and addresses of all deductees, currently we r in constrction feild(irregation projects), there r lot of people who have no PANs, is there any remidy for this......., the older challan doesn't require PAN numbers na, sujjest me in this regard.
30 May 2009
New provisions of payment has a effect that unless the payee has PAN, TDS can not be paid. Net result is the entire such expenditure will be disallowed u/s 40(a)(ia. It is advised all the concerned payees should obtain PAN.
CAclubindia
