TDS ON NO PAN

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 December 2010 Dear All,
At the time of credit made to the party, there is no PAN but before the TDS payment made the government, the able to get the PAN. So is the 20% rate applied on the credited to the party?
please, its urgent......

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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20 December 2010 If PAN is provided before filing of TDS return and you are able to mention PAN in your TDS return then no need to deduct 20% TDS. But if you are unable to quote PAN in return then 20% TDS will apply.
So if are sure that party will provide PAN you can deduct TDS @ normal rate.

Querist : Anonymous

Querist : Anonymous (Querist)

20 December 2010 thank you sir...

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