Easy Office
LCI Learning

TCS Rate if PAN No. is not with the buyer

This query is : Resolved 
Profile Image

Profile Image

(Querist)
14 June 2011 Dear All,
Please advise whether TCS Rate will be 20% if PAN No. is not there with the buyer.
Thanks and regards,
Ramesh
Profile Image

CA Sreenivasa Rao Munaga

Profile Image

CA Sreenivasa Rao Munaga (Expert)
15 June 2011 If PAN number is available, TDS or TCS will be deducted/collected as per the income tax rules. However, if there is no PAN, then TDS or TCS will be collected @ 20%.

Thanks,
CA M Sreenivasa Rao
R&S Associates

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links