TDS At Higher Rate
This query is : Resolved
06 January 2011
Hi,
Pls. guide me on the following
If we have deducted Tax at source (TDS) @20% (due to non availability of PAN) and deposited the same in bank and also filed the TDS return, then can we :
(a) issue TDS certificate to deductee
(b) later on if the deductee provides a PAN then can we revise the TDS return.
Regards
Milind
Pls. guide me on the following
If we have deducted Tax at source (TDS) @20% (due to non availability of PAN) and deposited the same in bank and also filed the TDS return, then can we :
(a) issue TDS certificate to deductee
(b) later on if the deductee provides a PAN then can we revise the TDS return.
Regards
Milind
07 January 2011
your creditor did not have pan and you deducted 20% TDS and remitted. Your question is after deducting tds if he provides pan number then, what is your stand.
You have rightly deducted tds and remitted. after you get his pan, no; need to revise return, you can adjust latter payments if you want.
You have rightly deducted tds and remitted. after you get his pan, no; need to revise return, you can adjust latter payments if you want.
08 January 2011
Simpaly issue TDS Certificate to him for 20% TDS if you have filed your return. He will claim refund at the time of filing return.
11 January 2011
(1) Yes You can Issue TDS CERTIFICATE to that Party
(2)Due to non availability of PAN, At the time of deduction of tax, you must have to deduct 20% TDS, & If later on he provides PAN
Than, after receiving you PAN, you can deduct the TAX accordingly..... & issue him TDS CERTIFICATE FOR 20% TDS + ACCORDINGLY RATE AS MAY BE PRESCRIBED
No need to revise RETURN.
(2)Due to non availability of PAN, At the time of deduction of tax, you must have to deduct 20% TDS, & If later on he provides PAN
Than, after receiving you PAN, you can deduct the TAX accordingly..... & issue him TDS CERTIFICATE FOR 20% TDS + ACCORDINGLY RATE AS MAY BE PRESCRIBED
No need to revise RETURN.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Pass word to open justification report for Q1 for FY 2026-27
- Under construction property in ITR
- PPF interest-As Exempt Income disclosure
- Section 194JA & JB Income which ITR Form to use
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- New Garden in Place of Old Garden
- Indian IT Portal issue in computing tax as per UK-India DTAA
- F & O PROFIT REPORTING FOR AY 2026-27
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
