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TDS- transport

This query is : Resolved 

09 October 2009 Sir,
We are hiring one lorry for transport purpose.

Billings are made in Individual Name and he has no PAN.

As per the present(w.e.f.01.10.09) rule what is the rate of TDS to be deducted.

Wether 1% (for individual) is correct irrespective of the PAN.
kindly calrify me.

09 October 2009 if cartage more tan 20000 and pan not quoted then deduct tds 1%on ind/huf

09 October 2009 In order to strengthen the PAN mechanism, it is proposed to make amendments in the Income Tax Act to provide that any person whose receipts are subject to deduction of tax at source i.e. the deductee, shall mandatorily furnish his PAN to the deductor failing which the deductor shall deduct tax at source at higher of the following rates

(i) the rate prescribed in the Act;
(ii) at the rate in force i.e., the rate mentioned in the Finance Act; or
(iii) at the rate of 20 per cent.

09 October 2009 agree

10 October 2009 TDS at higher rate for non availability of PAN is effective from 01.04.10.


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