Hi
Is it compulsory to have PAN no of deductee if his TDS is deducted by a company at the time of making payment to him for any services.If he does not provide his PAN no then what will be the complication
1) can a deductor file his TDS return
2)To file a TDS return how many deductee should have PAN no (in %)
3) what would be the TDS rate in such a case
yes company can file his tds return 95% pan must be have for salaried employee and 85 % for others. Without pan 20 % tax should be deduct.
Hi Pankaj
From July, 2010 Is there any change of the above %
I think 100% Pan is required to file TDS return, however 20 % TDS will be deducted if PAN is not available
I don’t think after july is there any change.
| Originally posted by : pankaj | ||
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yes company can file his tds return 95% pan must be have for salaried employee and 85 % for others. Without pan 20 % tax should be deduct. |
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Hi,
Non residence company does not have Indian Pan no. I have deducted TDS @ 10% according to DTAA Act from theri Invoice. Now I could not file E-TDS return, because it require TDS deduction @ 20%.
What I should do now
At present you should have 100% PAN no., else deduct 20% TDS.
CAclubindia
