TDS Regarding

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 July 2010 I read some NEWS about TDS charged 20% from 01.07.2010 for non submission of PAN is it Correct? Pls confirm us.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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02 July 2010 Yes with effect from 01.04.2010 if PAN is not provided by deductee TDS to be deducted @20% on exceeding the threshold limit under respective section.

Deepak Goel

Deepak Goel (Expert)
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02 July 2010 Agree with Mr. Gupta

Rahul Gupta

Rahul Gupta (Expert)
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02 July 2010 Agreed with Mr Sanjay.
Just to add up, if the TDS rate is higher than 20% then higher rate wil apply.

Find here, the link for the press release on TDS, it will help you. >

https://www.caclubindia.com/forum/files/32_cbdt_pressrelease_01252010.pdf