In case vendor is not linked his pan to adhar
then 20% tds is essential.
If we deducted 20%tds instead of 2% for 194C
Then can deductee will avail 20% tds credit ,or 2%
please guide
Menu
Avail full Tds
Replies (5)
If deductor deduct TDS @ 20% , than Deductee a/c should be credited with 20% TDS and can availed credit of 20% TDS.
But rates are specified , like as 2% ,there is no 20% specified rate.
In case of inoperative PAN , TDS @ 20% rate is specified for all sections
So who told . it's in case pan is not there. It takes only 5 mins to link.
Deductee can avail 20% as TDS credit.
Recent Threads
- RECONCILIATION OF GSTR 2B Vs BOOKS WITH VBA
- Regarding cancellation of GST Number
- GST on business receipts pre -registration
- A Restaurant registered under the Composition Sche
- GST RATE OF OUT DOOR CATERING
- Non resident taxation & income tax in India
- GST Rate for oral Hygiene Combo Pack
- GST registration - Address error
- TDS on property pu
- Import of goods IMS action related
Related Threads
CAclubindia
