PAN COMPULSORY FOR TDS.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 January 2010
Dear Sir,
As per the new law a deductee has to submit PAN no. to deductor and if he not submit the no. the rate will be 20% but i want to know that if he was not having PAN and not exceeding Excemption limit and he want to not deduct the tax can he submit form no. 60 and form 15G/15H.
Whether he can submit Form 60/15G/15H or not?
As per the new law a deductee has to submit PAN no. to deductor and if he not submit the no. the rate will be 20% but i want to know that if he was not having PAN and not exceeding Excemption limit and he want to not deduct the tax can he submit form no. 60 and form 15G/15H.
Whether he can submit Form 60/15G/15H or not?
CA PRIKSHIT GUPTA
(Expert)
24 January 2010
Provision of 20% will apply from 01-04-2010. In case of interest you can submit form 15G/15H. Then no TDS will be deducted.
But in other cases like contract, commission, lottary, professional fees, rent etc. TDS will be deducted and there is no other way. you have to submit your PAN to avoid this high rate of TDS
But in other cases like contract, commission, lottary, professional fees, rent etc. TDS will be deducted and there is no other way. you have to submit your PAN to avoid this high rate of TDS
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Taxation of crypto futures in India Fy 2026- 2027
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- EPF ECR NEW RULES Sep 17th 2026
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
