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This query is : Resolved

bhavya (Querist)

21 November 2012 In section 194A..
Whether Bank is liable to submit the PAN in quartely return of TDS??

As tax is deducted @ 20% as we dnt have PAN No. of the deductee but there comes a notice from department that it is compulsory to submit the PAN of deductee whther the tax deducted is 20% i.e. on higher rate..

Plz rply fast..

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)

21 November 2012 We are deducting 20% of TDS i.e higher rate because of not available of the dedutee's PAN no then how could we provide the PAN no of deductee. So at the time of filing of quarterly returns put option for such deductee PAN NOT AVAILABLE. And now reply to the department for the absence of PAN of deductee we deducted 20% TDS then how could we produce it not available to the deductee.

OM SAI SRI SAI JAI JAI SAI

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