Salary TDS Return- PAN compliance

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This query is : Resolved

Dileep Kumar (Querist)

16 June 2008 Hi sir,
I have filed the TDS return 4th qtr in From 24Q on due date. I have included the salary details of all employees of the company, irrespective of whether having taxable income or not. Some of them does not having PAN and having salary as low as 50k to 60k p.a. However 95% PAN compliance was there in the return of the employees of whose tax was deducted.
Now A friend of mine is telling me that it may attract a penalty of Rs.10K per person if you are not supplying PAN of each employee included in return whether having taxable income or not.
Please guide me if it is true. I am so much worried about this issue.

Regards
Dileep Kumar

Satish K Sekhar.ACCA

Satish K Sekhar.ACCA (Expert)

16 June 2008 It is not true, as the details furnished by you were of employees having salary below taxable income. for such individuals obtaining PAN is not mandatory and therefore do not attract penalty.

Azmathullah Khan

Azmathullah Khan (Expert)

17 June 2008 As u filed the PAN of 95% employees, no penalty will impose on u,

u have filed return for those employees, whose salaries is less than taxable limit, whether u deducted the TDS, if yes, Why u deducted the TDS.

secondly, not to issue the TDs certificate to those employees, whose PAN no not written in the return or file the revised return.

Dileep Kumar

Dileep Kumar (Querist)

15 April 2009 Thank You all

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