Deposit of tds without PAn

Dear Ankit,

On challan u don't have to mention the PAN of the deudctee so no issues in depositing..

Ya there may be a problem in filing return...

y will there be a prob in filing return 2 me??

Dear ankit,

Now a days Department has made a rule that TDS reurns will not be accepted unless 90% (in Value of deductions) of deductees have PAN No.

Hi ankit, its a huge system, the whole income tax department.....

While filing  return, u need to submit the PAN of a person, against whomu deducted TAX.., so that he can get benefit of TDS..... So, i think there can be a problem....

You can still file the return in case of PAN of less then 90% deductee. While filling the return you should give details of only of those deductee from whom you have received PAN. However in challan details(in return) full amount is to be mention. Whenever you received the details of deductee who has not given the PAN, you can correct the original return filled.

So deduct and deposit TDS of all the deductee (whether PAN or Not) and also fill return withinin due date whether you have PAN of  100% deductee or 10% deductee

PAN Is not a problem, but you need to deducted tax @ 20% or rate prescirbed in the Section whichever is higher, be careful.

Shiva

Mr. Shiva you are not correct.

The provision of 20% or, more TDS will be applicable from 1 Apr. 2010

CA SAURABH SHUKLA

hi ankit

u can deposite  tax without pan number. but at the  time of  filing return  u should 85 % pan number for deductee other than salary.

Originally posted by : Saurabh Shukla
	Mr. Shiva you are not correct. The provision of 20% or, more TDS will be applicable from 1 Apr. 2010 CA SAURABH SHUKLA

Mr Saurabh Shukla, the provisions of 20% or more are APPLICABLE FROM 1ST OCTOBER 2009 and not 1st Apr 2010.

The rate of TDS will be 20% in all cases, if PAN is not quoted by the deductee w.e.f 1-4-2010, however while depositing TDS amount , no PAN No is required  but you need to furnish all PAN no of the deductee while filing Quarterly returns.

The provision of TDS 20% is  applicable from April 1 , 2010  as per amended finance bill- 2 , 2009.

Originally posted by : Shruti
	Originally posted by : Saurabh Shukla Mr. Shiva you are not correct. The provision of 20% or, more TDS will be applicable from 1 Apr. 2010 CA SAURABH SHUKLA   Mr Saurabh Shukla, the provisions of 20% or more are APPLICABLE FROM 1ST OCTOBER 2009 and not 1st Apr 2010.

the provision of 20% tds if no PAN given are applicable from 01.04.2010....it is clearly written in memorandum finance bill no.2...........so no need to confuse.........

This is Shiva here. Yup that rate of 20% is from 01.04.2010 only. It is not from 01.10.2009. I just warned to be careful, because the person who raised the query may just follow the same even after Mar 2010.

Mr.SAURABH is correct, but sir, i just wanted him to know this provision. I need to have mentioned the date. Sorry to miss out that

Shiva