banner_ad

Tds deductable if no pan number

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
10 June 2014 IF A COMPANY PAYS RENT OF RS. 120000 AND THE DEDUCTEE DOESN'T SUBMIT THE PAN DETAILS. TDS TO BE DEDUCTED BY COMPANY WOULD BE @ 20% OR NIL.

PLEASE PROVIDE SUPPORTING TO THE VIEWS GIVEN.
Profile Image

Nikhil Kaushik

Profile Image

Nikhil Kaushik (Expert)
10 June 2014 tds to be deducted at 20% where PAN is not available irrespective of the minimum exemption amount for rent (Rs 1.8 lakhs)
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
10 June 2014 206AA. [Requirement to furnish Permanent Account Number.
(1) Notwithstanding anything contained in any other provisions of this Act, any person entitled to receive any sum or income or amount,

on which tax is deductible under Chapter XVIIB

(hereafter referred to as deductee) shall furnish his Permanent Account Number to the person responsible for deducting such tax (hereafter referred to as deductor), failing which tax shall be deducted at the higher of the following rates, namely:— (i) at the rate specified in the relevant provision of this Act; or
(ii) at the rate or rates in force; or (iii) at the rate of twenty per cent.


THE WORD USE IN SECTION 206AA IS "on which tax is deductible under Chapter XVIIB"
SO THE AMOUNT BELOW 1.8L NOT FALL UNDER SECTION 206AA.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
10 June 2014 206AA. [Requirement to furnish Permanent Account Number.
(1) Notwithstanding anything contained in any other provisions of this Act, any person entitled to receive any sum or income or amount,

on which tax is deductible under Chapter XVIIB

(hereafter referred to as deductee) shall furnish his Permanent Account Number to the person responsible for deducting such tax (hereafter referred to as deductor), failing which tax shall be deducted at the higher of the following rates, namely:— (i) at the rate specified in the relevant provision of this Act; or
(ii) at the rate or rates in force; or (iii) at the rate of twenty per cent.


THE WORD USE IN SECTION 206AA IS "on which tax is deductible under Chapter XVIIB"
SO THE AMOUNT BELOW 1.8L NOT FALL UNDER SECTION 206AA.
Profile Image

Nikhil Kaushik

Profile Image

Nikhil Kaushik (Expert)
10 June 2014 depends on how you report in tds returns.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details