sripada raja (B.Com) (25 Points)
19 November 2013Dear Sir, I working in construction company, we have received intimation u/s 200A, regarding non quoting of 100% PAN while filing e TDS Returns for the FY 2009-10, that time we have not collected some PAN No from sub contractor & not deducted hirer rate TDS also, my question is from which date 100% PAN numbers is become mandatory to file e TDS Returns.
Kindly provide such notification if so
Thanks & Regards
Sripada
CA Parul Saxena
(CA)
(8517 Points)
Replied 19 November 2013
As you have not deducted tds @ 20% of the deductees who have not provided PAN nos. thats why 100% PAN numbers are demanded
Romesh Tawari
(PROPRIETOR)
(56 Points)
Replied 19 November 2013
Quote correct PANs to file eTDS Statement
Minimum PAN Quoting
From 1st October 2007 onwards
• TDS returns for salaries, i.e. Form No.24Q with
less than 90% of PAN data
• TDS returns for payments other than salaries and
TCS returns, i.e. Form No.26Q and Form
No.27EQ respectively, with less than 70% of PAN
data will not be accepted
The following table will make this point more clear :
Specified Percentage of correct PANs : For Regular
Returns
Form Type Validation
Form 24Q 90% of the deductee records in the
statements to have structurally valid PAN
Form 26Q 1) 70% of the deductee records in the
statements should have structurally
valid PAN
2) Deductee records with value 'B' in
the field 'Reason for non-deduction /
lower deduction' will not be
considered for calculation of 70% of
structurally valid PAN referred to in
point 1 above
Form 27EQ 70% of the new deductee records in the
statements should have structurally valid
PAN
• For Form 26Q, certain deductees have been
omitted for calculation of minimum 70%.
CAclubindia
