Tds

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Swathi (Querist)
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06 June 2013 Dear Expert. .

We have deducted TDS at the time of payment to the party say X co ltd.

Later we came to know that the deductee company is bogus company and it doesn't have PAN.

Here my problem is we have to remit the TDS to the govt,but with out PAN its not possible.

kindly help me, what to do now. . ?

Thanking you. .

Ganeshbabu K

Ganeshbabu K (Expert)
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06 June 2013 TDS @ 20% IS APPLICABLE IF NO PAN IS AVAILABLE,

SO YOU NEED TO DEDUCT TDS @ 20% AND REMIT THE SAME TO IT DEPARTMENT

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CA Kapil Verma

CA Kapil Verma (Expert)
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06 June 2013 if you have deducted TDS @ less rate than 20% , then you need to pay from on your pocket, otherwise your expenses will disallowed.

Message likes : 1 times

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