PAN requirement
This query is : Resolved
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%.
27 October 2009
Agree with 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
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?
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
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Treatment of Pension ?annuity returns on PMVY
- Free lancer income
- LTCG for Assmt year 26-27
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Last year TDS Claim
- Loan by Partnership Firm
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
