05 November 2009
PLEASE TELL ME THE TDS RATES FROM 1.10.2009, WHETHER PARTY HAS TO WRITE THEIR PAN NO. ON BILL IS MANDATORY. WHAT IS THE MEANING OF INDIVIDUAL.
U are an Individual and if you are doing any business or profession with a trade name of ur choise as a proprietor, ur business will also be regarded as Individual.
No PAN would be mandatory with effect from 01.04.2010 under Sec 206AA .
W.e.f 01.10.2009 if Transport Operators for goods carriage have PAN then TDS would not be deducted from payment made to them under Section 194C.