Higher deduction of tds if pan not available before 2010.

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How much percentages should deduct TDS before 2010 if PAN is not available?

I collected only 1% in the FY 2008-09 and Instead of Pan no. I wrote PANNOTAVL in the return,  now an E-mail received from Traces saying PAN Error. 

What should I do to correct ?

Replies (7)

@ 20%

Thank you sir,

 

should I Pay interest also ?

The contract amount were below 30,000 in that year. So, can I get exemption?

If the contract ia below 30000. Then why you have deducted tds @ 1%

Actually, it was a mistake by an Ex-employee of my company. He may thought that the total contract amount would exceed Rs.75000.

Hi!

TDS cannot be deducted @ 20% in case of PANNOTAVBL case for the period before 2010.TDS will be as per then prevailing rates.

Sir, 

But, the deductee applied PAN only after 2010,

so, can I revise the return with the PAN?

Yes. Return can be revised for the same, There is o issue in revising the return.

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