TCS Rate if PAN No. is not with the buyer
This query is : Resolved
14 June 2011
Dear All,
Please advise whether TCS Rate will be 20% if PAN No. is not there with the buyer.
Thanks and regards,
Ramesh
Please advise whether TCS Rate will be 20% if PAN No. is not there with the buyer.
Thanks and regards,
Ramesh
15 June 2011
If PAN number is available, TDS or TCS will be deducted/collected as per the income tax rules. However, if there is no PAN, then TDS or TCS will be collected @ 20%.
Thanks,
CA M Sreenivasa Rao
R&S Associates
Thanks,
CA M Sreenivasa Rao
R&S Associates
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