My query is regarding Deduction of TDS on rent.
If I require to pay rent 36000 quarterly to a person in advaance in May 10 should I deduct TDS @ 20% in absence of PAN No.
as currently the Limit for deduction is 120000 annual, it will increase from 1.07.10 after finance bill 2010 come in to the force.
Pl clear in the light of provisions.
Thanks in advance.
CAclubindia
