TDS
This query is : Resolved
01 December 2010
CAN PAYER DEDUCT TDS ON INVOICE AMOUNT(UNQUOTED PAN)BY NORMAL APPLICABLE RATES(EXCEPT 20%)????
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%
Message likes :
1 times
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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