TDS
This query is : Resolved
08 May 2010
Experts please resolve my querry:
If PAN is not quoted, TDS @ 20% or rate applicable under respective section, whichever is higher, in
all cases from April 2010.But if we file TDS return for previous finacial year at present (i.e May 2010)without quoting PAN what is the rate applicable 20% or 1% (194 C)?
If PAN is not quoted, TDS @ 20% or rate applicable under respective section, whichever is higher, in
all cases from April 2010.But if we file TDS return for previous finacial year at present (i.e May 2010)without quoting PAN what is the rate applicable 20% or 1% (194 C)?
08 May 2010
Dear you will be filing return for the financial year 09-10.
As per amendment w.e.f. 01.04.2010 if PAN is not provided to deductor TDS should be deducted @ 20%. So for return of financial year the question of higher rate does not arises.
As per amendment w.e.f. 01.04.2010 if PAN is not provided to deductor TDS should be deducted @ 20%. So for return of financial year the question of higher rate does not arises.
CA Amit Agrawal
(Expert)
09 May 2010
I am agree with SAnjay Gupta Ji.
CMA Ramesh Krishnan
(Expert)
09 May 2010
yes. Return for Fy 2009-10 rate issue will not arise
CA Ravi Sisodia
(Expert)
09 May 2010
Agreed
CMA Arif Farooqui
(Expert)
12 May 2010
agreed
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