tds
This query is : Resolved
25 June 2010
if a company is paying amt less then Rs 20000 in cash to a person who provide services to the company. he dos'nt hold a pan card?
query:-how can v avoid tds to that person?
query:-how can v avoid tds to that person?
25 June 2010
From the facts of the query, TDS is not applicable.
TDS deduction and payment in cash are two different issue.
TDS u/s 194C is applicable if the value of single transaction exceeds Rs. 20k(30k wef 01.07.10) or aggregate value during the year exceeds Rs. 50k(75k wef 01.07.10).
TDS deduction and payment in cash are two different issue.
TDS u/s 194C is applicable if the value of single transaction exceeds Rs. 20k(30k wef 01.07.10) or aggregate value during the year exceeds Rs. 50k(75k wef 01.07.10).
25 June 2010
In case TDS is applicable, TDS @ 20% has to be deducted.
25 June 2010
I agree,
There is no TDS in this case. The issue of PAN card would arise only when, TDS is applicable to the person.
There is no TDS in this case. The issue of PAN card would arise only when, TDS is applicable to the person.
25 June 2010
AGREED WITH EXPERTS. ISSUE OF PAN ARISE ONLY WHEN TDS IS APPICABLE TO THE PERSON.
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