regarding tds rate
This query is : Resolved
20 October 2009
1% for Individual/HUF recipient
2% for other recipient
For transporters of goods carriage in case no PAN same as above , NIL if PAN given.
2% for other recipient
For transporters of goods carriage in case no PAN same as above , NIL if PAN given.
20 October 2009
W.e.f April 01, 2010
TDS Rate when PAN not available: Section 206AA: If deductee fails to furnish PAN to deductor, the deductor shall apply
highest of the following rates for deducting TDS:-
• at the rate specified in the relevant provision of this Act; or
• at the rate or rates in force;
• or at the rate of 20%.
So if PAN is not mentioned by the deductee then highest rate of 20% will be apply accordingly.
TDS Rate when PAN not available: Section 206AA: If deductee fails to furnish PAN to deductor, the deductor shall apply
highest of the following rates for deducting TDS:-
• at the rate specified in the relevant provision of this Act; or
• at the rate or rates in force;
• or at the rate of 20%.
So if PAN is not mentioned by the deductee then highest rate of 20% will be apply accordingly.
20 October 2009
Yes but as expert Chetan said remember 20 % rate is w.e.f Ist April'2010.
Now its 0% if PAN available
otherwise 1% or 2 % depending the status of the recipient.
Now its 0% if PAN available
otherwise 1% or 2 % depending the status of the recipient.
20 October 2009
I have also mentioned the application date of sec 206AA.
Rate from 01 Oct to March 31 u have mentioned that, i agree to the rates.
Rate from 01 Oct to March 31 u have mentioned that, i agree to the rates.
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