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 ?
Thank you sir,
should I Pay interest also ?
The contract amount were below 30,000 in that year. So, can I get exemption?
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.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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