Tds u/s 206aa
This query is : Resolved
Sumeet Agarwal
(Querist)
18 January 2012
As per Section 206AA, TDS is deductable @ 20% if deductee does not have PAN No.. Further, we have to furnish the PAN No of deductee at the time of Filling Return ( Form No. 26Q). So please explain how we will show the TDS deducted under section 206AA in the quarterly return.
CA. Anuj Gupta
(Expert)
18 January 2012
no requirement to give PAN if TDS is deducted @ 20%.
Anuj
Anuj
Sumeet Agarwal
(Querist)
25 January 2012
Thanks for ur valuable suggestion. It mean that we will show the payee name and amount, TDS deducted in return without specifying the PAN No. of payee.
CA. Anuj Gupta
(Expert)
25 January 2012
Yes
Sec 206AA comes into picture for non submission of PAN by deductee.
Anuj
Sec 206AA comes into picture for non submission of PAN by deductee.
Anuj
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