Pan no
This query is : Resolved
25 February 2013
What will be the tds deduction if the trans porter has not mentioned the pan number on the Bilty. And he has the pan card in his own name and not in the name of the transport company?
25 February 2013
If he is the owner and provides hi own PAN then TDS deduction not required.
CA Ayush Agarwal
(Expert)
25 February 2013
Looking Towards facts as You Have Written, It Seem Transport Company registered as Prop. Concern.
I This Case, If Prop. (Owner) provides His Own PAN Then No TDS is Deductible.
No Such Strict Provision to Mention PAN on Bilty.
I This Case, If Prop. (Owner) provides His Own PAN Then No TDS is Deductible.
No Such Strict Provision to Mention PAN on Bilty.
25 February 2013
Hi,
Ayushji & Sanjayji, expert view needed:
S/206AA requires, The deductee shall furnish his Permanent Account Number to the deductor and both shall indicate the same in all the correspondence, bills, vouchers and other documents which are sent to each other.
Failing to do so may attract TDS @ 20% (no cess to be added on it) or higher rate.
Thanks!!
Ayushji & Sanjayji, expert view needed:
S/206AA requires, The deductee shall furnish his Permanent Account Number to the deductor and both shall indicate the same in all the correspondence, bills, vouchers and other documents which are sent to each other.
Failing to do so may attract TDS @ 20% (no cess to be added on it) or higher rate.
Thanks!!
25 February 2013
Dear Vaibhav department is not going to check whether the PAN has been mentioned in the bilty or not. Even many professional submit their bills without mentioning PAN.
So there will not be any problem if the party provides PAN separately. In the instant case if the transport owner provides his PAN the same may be quoted in return thereby allowing the exemption from TDS.
So there will not be any problem if the party provides PAN separately. In the instant case if the transport owner provides his PAN the same may be quoted in return thereby allowing the exemption from TDS.
CA Ayush Agarwal
(Expert)
25 February 2013
Yes, It is Clear After reading Provision That PAN to be Mention in Bilty.
But Practically if We go, No Such Bind.
The Intention of CBDT was That Every Transporter Must Hold PAN.
and That criteria is Fulfilled.
But Practically if We go, No Such Bind.
The Intention of CBDT was That Every Transporter Must Hold PAN.
and That criteria is Fulfilled.
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