As per latest amendment, any payment required to deduct tds would attract maximum marginal rate if the payment receiver has not disclose his pan no. This is very nice move by government to enhance its tax bracket.
2 Replies
Rashmi Agrawal
(Accountant)
(275 Points)
Replied 28 July 2008
Yes, This is indeed a great move but I think the 33% is a bit on the higher side.
CA. Shwetank Vats
(Chartered Accountant)
(653 Points)
Replied 02 August 2008
| Originally posted by :Rashmi Agrawal | ||
| " | can any person tell notification no and effective date of this rule, if pan no. not provide than tds to be deducted at higher rate i.e. 30% + SC + Cess | " |
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