Tds for payment of pension
This query is : Resolved
05 March 2014
Sir,
If Bank is making pension payment of a person whoes total Pension is Rs. 120000 p.a. which is below taxable limit.
If he is not having pancard does Bank should Deduct TDS @ 20% for non obtaining Pancard No?
If Bank is making pension payment of a person whoes total Pension is Rs. 120000 p.a. which is below taxable limit.
If he is not having pancard does Bank should Deduct TDS @ 20% for non obtaining Pancard No?
05 March 2014
yes the bank needs to deduct 20% in such cases on the whole of the amount.
Message likes :
1 times
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
- TDS applicability in case of software payments to a foreign company
- Taxability with reference to DTAA
- Residential Status of Assessee
- Slight spelling change in PAN Surname
- INCOME TAX SAVINGS PLAN FOR NEW REGIME FY 2025-26 (MAN/WOMAN)
- Fixed Deposit through NRO Account
- Audit report for a private limted company ( small company) FY 2024-25
- Income Tax Slab Rate and 87A Rebate
- Clarification on Cost of Acquisition and Capital Gains Tax Treatment for Tata Chemicals
- Capital gains -1
- Capital Gain on sale of Listed Equity Shares
- RATE OF GST ON STOCK TRANSFERR
- REGARDING TDS TCS...
- Rate of GST On Stock Transfering
- Writing on the bill while release payment
- PAN Allotement
- Shifting from Regular to Composition
- TDS ON OTA Commission
- GST INVOICE RAISED BY THE FRADULENT COMPANY WITHOUT THE KNOWLEDGE OF THE OTHER PARTY
- First Auditor was not appointed till 9 months
Trending Online Classes
-
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
Industry Expert17 May 2025
CAclubindia
