94j
This query is : Resolved
12 December 2014
Sir, We have paid two bills to the party on Apr, May 2010 for Rs.30052/- & Rs.144910/- and deducted TDS of 10.3% for the said amount. Now, we received a notice from IT Dept, in which they quoted that 20% to be deducted from the party. Is it corect ?
PLEASE HELP
12 December 2014
Incase your deductee not having PAN number then 20% rate will apply. so check the PAN valid of the deductee
12 December 2014
Please check whether PAN quoted by you is valid or not. If the PAN is bot valid then department will raise demand calculated @20%. So you nullify the demand by revising your return and quoting correct PAN
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Opting our of sec 44AD
- Copyright software
- Regarding appeal to GSTAT
- Transporter Declaration form
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Value of property in capital gain
- Regarding TDS Applicability For Director Remuneration
- LC charges in relation to Asset purchased should be Capitalised ?
- Multiple trade mark
- Taxation on Swing Trading Income (No Other Income)
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
