Sec 195 of Income Tax

This query is : Resolved

Navdeep Shahdeo (Querist)
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15 July 2010 Hi All

Can any one suggest me that Whether the requiremnt of PAN number is mandatory or Deduction of TDS & at the time of filling of TDS Return.

CA. Pradeep Nayak

CA. Pradeep Nayak (Expert)
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15 July 2010 It is advisbale to have the PAN details of the deductee at the time of deduction of tax though PAN details need to be furnished at the time of filing of return.

This is because the deductor will be at fault if he later realises that the deductee does not have a PAN, in which case the rate of TDS shall be 20%.