I hade deducted TDS @ 1% u/s 194C for those not having PAN.
Do I have to file a TDS return for that also? or only TDS payment has to be done and no return has to be filed?
3 Replies
Shyam Lal Naik
(Service)
(6156 Points)
Replied 16 June 2010
All deduction shall be included in the TDS return.
Akhil Gupta
(Manager F&A)
(856 Points)
Replied 16 June 2010
Agreed with Shyam Lal Naik TDS return should submit all deduction made by you.
But Ria Saraf, I have a doubt on the rate of deduction as you metion that TDS have been deducted @ 1% u/s 194C for those not having PAN. It should be 20% as the PAN of party is not available.
RITESH KOTHARI
(B.COM, FCA, DISA(ICAI))
(778 Points)
Replied 16 June 2010
Ria,
TDS should be deducted @ 20% in FY 2010-2011, if the party is not having PAN, then why TDS has been deducted @ 1%.
And yes Whatever will be the deduction (right or wrong), you have to include the same in TDS return for the relevant period.
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