Diffrent of contractor name and pan card no.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 April 2010
i have a contractor he have not pan card no. he give us another person pan card no. and tell us that use this pan no for tds purpose and payment made my name
i mean pan card holder and payment receiver name is diffrent
so can we doing this procedure contineu.
are this is valid according income tax purpose ?
i mean pan card holder and payment receiver name is diffrent
so can we doing this procedure contineu.
are this is valid according income tax purpose ?
17 April 2010
No , Pan card of that person whom who have payment made is to be taken for tds return. Otherwise it is violation of law.
17 April 2010
agree, its not proper
18 April 2010
AGREE. AS PER LAW IF YOU KNOWINGLY QUOTE A WRONG PAN PENALTY PROCEEDINGS CAN BE INITIATED AGAINST YOU.
18 April 2010
it lis ilegal and penalty Rs. 10000/-. Moreover after deposit tax the contractor can calim TDS amount from you because you didn't deposit it in him PAN. he can complain in Income Tax. Then you will be in trouble.
11 June 2010
Agree the above penal provisions will aplly further you should deduct TDS @20% as per Sec 206AA of the Act
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
- CG Tax On residential property
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Gift of mutual fund units to daughter
- Under construction property in ITR
- Reporting of STCG on Property in ITR
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Not able to file ITR
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
