Avail full Tds
Rajkumar Gutti (591 Points)
29 April 2024then 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
Rajkumar Gutti (591 Points)
29 April 2024
CA Roomi Gupta
(FCA)
(149 Points)
Replied 29 April 2024
If deductor deduct TDS @ 20% , than Deductee a/c should be credited with 20% TDS and can availed credit of 20% TDS.
Rajkumar Gutti
(591 Points)
Replied 30 April 2024
CA Roomi Gupta
(FCA)
(149 Points)
Replied 30 April 2024
In case of inoperative PAN , TDS @ 20% rate is specified for all sections
sabyasachi mukherjee
(27574 Points)
Replied 30 April 2024
CA Raj Doshi
(Practising CA)
(8924 Points)
Replied 30 April 2024