Tds when pan not available
This query is : Resolved
05 April 2012
IF CONTRACTOR ISSUED HIS BILL AMT. 15000/- BUT HE HAS NO ANY PAN NO. WHAT IS TDS RATE ? ( IN YEAR ONLY AMT. 15000/-)
05 April 2012
No tds will be deducted, TDS is liable only if it crosses the limit specified in the section.
Even if no PAN is quoted, TDS will not be deducted at higher rate of 20% since it has not crossed the limit.
Even if no PAN is quoted, TDS will not be deducted at higher rate of 20% since it has not crossed the limit.
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