TDS
This query is : Resolved
01 April 2011
Hi,
Can anyone please tell me whether there is any penalty for not quoting of PAN in the TDS Return by quoting "PANNOTAVBL" in place of PAN.
Can anyone please tell me whether there is any penalty for not quoting of PAN in the TDS Return by quoting "PANNOTAVBL" in place of PAN.
01 April 2011
You Should not file return by quoting PANNOTAVBL. If the deductee PAN is not known then the tds rate is 20%.
01 April 2011
By not filing the return there will be again an offence and I will become assessee in default, thereby creating liability for penalties.
I have already deducted the TDS @20%. I just wanted to know whether the return can be filed with PANNOTAVBL in place of PAN.
If a client has not given the PAN, it is not my fault.
Please tell me if there is any penalty for this.
I have already deducted the TDS @20%. I just wanted to know whether the return can be filed with PANNOTAVBL in place of PAN.
If a client has not given the PAN, it is not my fault.
Please tell me if there is any penalty for this.
01 April 2011
No penalty if TDS deducted @ 20%.
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