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?
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
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- 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
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
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
