New Form 17 for TDS Deposit
This query is : Resolved
deepak K Gujrati
(Querist)
04 April 2009
What about Banks. Branches are not having PAN for all their Deposit Holders. The Numbers are in thousands. Then how to deposit tax. Is their any exemption or they will just not depost till they receive 100% PAN.
CA. B.SRINIVASULU
(Expert)
04 April 2009
The idea of the department is to cross link the income. Earler there were reports that if pan is not provided then the tds will be at 30% or maximum marginal rate. They may introduce that in future.
Or the department should have introduced both new form 17 and this circular simultaneously.
Or the department should have introduced both new form 17 and this circular simultaneously.
SREELALITHA V
(Expert)
05 April 2009
First we have to see the software that the IT dept. has developed in this regard. The software may accept the blank PAN coloums.
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