PAN requirement
This query is : Resolved
Hiren Vira
(Querist)
27 October 2009
If a person wants interest other than "interest on securities" payment without tax deduction and it has no PAN, is he required to furnish Form No. 60?
27 October 2009
Up to 31/03/2010 form 60 will service the purpose.Thereafter PAN is mandatory otherwise tax will be deducted @ 20%.
CA SANJAY MUKHERJEE
(Expert)
27 October 2009
Agree with expert.
CA SANJAY MUKHERJEE
(Expert)
27 October 2009
However I think Form No. 60 is required to be furnished by the person making payment and not by the person who receipts such payments.
The recipient has to apply to the Assessing officer in Form No. 13 to get certificate for Nil tax under Sec.197. Valid till 31.03.2010
The recipient has to apply to the Assessing officer in Form No. 13 to get certificate for Nil tax under Sec.197. Valid till 31.03.2010
Hiren Vira
(Querist)
27 October 2009
Does the person has to furnish Form No. 60 even if he submits Form No. 15G/15H for claiming income without deduction of tax, if he is not holding PAN?
Murtaza I Bhagat
(Expert)
27 October 2009
Experts are Right.
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
- Depreciation Chart Companies Act
- EPF ECR NEW FILE SEP 17TH 2026
- Capital Gail Exemption Certificate
- Capitalgain tax purposes for valuation report compulsory
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- GST on Renting godown to KFCSC for Storage of Raagi
- Oct 2025 Invoices
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- TAX AUDIT ON PROFESSIONAL INCOME
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- 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
- How to pay remaining amount of TDS after due date?
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
