16 April 2012
hey read party name carefully ok IF company then end of party name should be PVT ltd.. or only ltd word mentioned okay . if party is Individual then only party name mention okay if firm then,,,, like raju kumar & co
if society then end of party name society word mentioned
16 April 2012
Dear you will have to obtain PAN to deduct TDS at specified rate otherwise if PAN not given you have to deduct TDS @ penal rate of 20%.
When you obtain PAN, from PAN itself you can know the type of deductee.
The fourth character of the PAN must be one of the following, depending on the type of assessee:
C — Company P — Person H — Hindu Undivided Family (HUF) F — Firm A — Association of Persons (AOP) T — AOP (Trust) B — Body of Individuals (BOI) L — Local Authority J — Artificial Juridical Person G — Govt
17 April 2012
YES MORE CLEAR BY ABOVE EXPERT.. ON BASIS OF PAN NO.ONE CAN IDENTIFY.IN PAN NO THERE IS MENTIONED. IN NO PAN PROVIDED THEN TDS IS TO BE DEDUCTED 20%.
CAclubindia
