Tds in case pan applied

This query is : Resolved

saraswathi (Querist)
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12 May 2016 Hi,

One of our client has provided some service and the total value of the services exceeded the threshold limit for the year and need to deduct TDS and the client doesn't have PAN. Hence we have deducted TDS @ 20% on the basis of the TDS provisions but the client is saying that we have appllied for PAN so pls deduct TDS @ 10% instead of 20%. Please help me on this,is it possible to do so.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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13 May 2016 You can deduct 10% provided he furnishes PAN No. before filing quarterly TDS return.

Rupesh Jain

Rupesh Jain (Expert)
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13 May 2016 you have to deduct the tds @ 20% if his PAN no show till tds return date , if show on site the deduct the normal rate.

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