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26q tds

Nag (IT) (77 Points)

19 April 2014

we have deducted 20% Tds for non PAN agents on commission earned for 2013-2014 FinYr in Q4. Shall we show these agents records in ETDS Q4 as there are no PAN numbers for those agents? Thank you.

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Deepak Gupta (CA Student) (15922 Points)
Replied 20 April 2014

Originally posted by : Nag
	we have deducted 20% Tds for non PAN agents on commission earned for 2013-2014 FinYr in Q4. Shall we show these agents records in ETDS Q4 as there are no PAN numbers for those agents? Thank you.

Yes, such transactions shall be reported in the quarterly e-TDS statement.
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In case of deduction of tax at higher rate due to non-availability of PAN in terms of section 206AA, select code “C” in the column [424] ....Reason for higher-deduction....