TDS deduction at higher rate.
This query is : Resolved
26 May 2011
Deduction of TDS @ 20% in case of non availibility of PAN of Deductee.
What is the liability of the deductor if not been deducted @ 20% by mistake or by ignorance?
Is the liability become comes on deductor head?
Please suggest.
What is the liability of the deductor if not been deducted @ 20% by mistake or by ignorance?
Is the liability become comes on deductor head?
Please suggest.
Aditya Maheshwari
(Expert)
26 May 2011
Yes it is a obligation casted on the deductors head to deduct TDS at a higher rate of 20% if PAN not available. If not done then u have to pay from ur own pocket and if a chance then u can recover the same from the party if possible.
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