TDS
This query is : Resolved
CA BIREN SHAH
(Querist)
08 October 2010
Sir,
If one person make payment of Rs. 10000 to transporter and if transporter do not furnish his PAN then whether person required to deduct TDS @ 20% or no TDS deduction as amount dose not exceed 30000 or 75000 as the case may be?
raply,,
If one person make payment of Rs. 10000 to transporter and if transporter do not furnish his PAN then whether person required to deduct TDS @ 20% or no TDS deduction as amount dose not exceed 30000 or 75000 as the case may be?
raply,,
CMA Ramesh Krishnan
(Expert)
08 October 2010
You need to considered the thershold limit before deduction, if thershold limt exceeds and PAN also not there then the 20% rate will apply
CA Suresh Choudhary
(Expert)
08 October 2010
Agree with expert
CA BIREN SHAH
(Querist)
08 October 2010
but if u read section 94C for the same then its conflict?
08 October 2010
You are liable to deduct TDS only when Threshold limit is crossed and therefore ask the PAN of deductee. In the given case TDS is not required to be deducted as threshold limit is not crossed.
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