tds rate

This query is : Resolved 

02 April 2010 if any person did not have PAN.
can he/she give form 15G/15H.
if no then what would be the TDS rate on interest paid u/s 194A,if amount credited
as on 31-03-2010.

02 April 2010 In my view, the payee can furnish declaration not withstanding whether he has PAN or not upto 31.03.2010.

The mandatory requirement of PAN for such declaration is effective from 01.04.2010.

Such a mandatory requirement is under challange by way of PIL.





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