section 206AA
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 March 2011
IF A PESON DRAW A SALARY BELOW THE TAXBLE LIMIT I.E. RS160000/- AND PERSON HAVING NO PAN NO. WHAT IS THE STATUS OF THE TDS PROVISION. IS THE SECTION 206AA APPLICABLE.
CA SANDEEP GUPTA
CA SANDEEP GUPTA
17 March 2011
TDS is not applicable in this case
17 March 2011
Section 206AA is only applicable when TDS is required to be deducted. So Sec 206AA will not apply in this case.
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 March 2011
sir
section 206AA is applicable even if the salry below the taxable limt. i.e. 20% tax deducted on below taxable limit. CA Gopal Krishan jain our institute member explained the section in our institute journal Page 1382-page 1385. Kindly read the pages then reply.
CA Sandeep Gupta
section 206AA is applicable even if the salry below the taxable limt. i.e. 20% tax deducted on below taxable limit. CA Gopal Krishan jain our institute member explained the section in our institute journal Page 1382-page 1385. Kindly read the pages then reply.
CA Sandeep Gupta
18 March 2011
Sipmle question do you ask someone to provide PAN when the amount is below threshold limit. No because we are not required to deduct TDS. Only when threshold limit crosses we ask to provide PAN and therefore if the amount is below taxable limit TDS deduction not required as we are not required to file such details in our TDS return.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
