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(Querist)
01 December 2010 CAN PAYER DEDUCT TDS ON INVOICE AMOUNT(UNQUOTED PAN)BY NORMAL APPLICABLE RATES(EXCEPT 20%)????
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
01 December 2010 Yes. But later in his return deductor will have to quote PAN. Also if the party give the PAN and although the same is not printed in his invoice, TDS should not be deducted @ penal rate of 20%
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CA.ViVeK M ACA

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CA.ViVeK M ACA (Expert)
03 December 2010 Depends PAN.. If there is PAN you should deduct the normal rate. If there is no PAN, deduct @ 20 % rate( Penal Rate)
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