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Tds

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 April 2010 Dear Sir,
He hire some tractor in our construction business,is Tds is applicable on hire charges of Tractor and if Tractor owner do not have PAN Card then in such case what is TDs Rate pls advice me
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
07 April 2010 TDS WILL BE APPLIACBLE U/S 194I @ 2% EVEN IF HI GIVES PAN CARD.
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Querist : Anonymous

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Querist : Anonymous (Querist)
07 April 2010 My question is what happen if Tractor owner not give PAN Card No
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
07 April 2010 IF THE HIRE CHARGES IS CROSSING THE THRESHOLD LIMIT AND THE OWNER DONT GIVE PAN THEN W.E.F. 01.04.2010 YOU ARE REQUIRED TO DEDUCT TDS @ MAX RATE OF 20%
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CA Kapil B Gupta

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CA Kapil B Gupta (Expert)
07 April 2010 Agree
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Querist : Anonymous

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Querist : Anonymous (Querist)
07 April 2010 Thanks
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
07 April 2010 YOU ARE WELCOME
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
08 April 2010 No PAN = 20 % TDS rate
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