What are the penal provisions for quoting wrong PAN or not quoting it at all in the TDS certificate ??
PLease give section reference also.
Gajanan Asha Vilas Badve (service) (47 Points)
31 May 2008What are the penal provisions for quoting wrong PAN or not quoting it at all in the TDS certificate ??
PLease give section reference also.
Shyam Lal Naik
(Service)
(6156 Points)
Replied 31 May 2008
deepak thukral
(consultancy)
(45 Points)
Replied 03 June 2008
Any person receiving any sum or income on which tax is to be deducted shall furnish his pan to the person responsible for deduction of tds under section 139A(5A). Failure to apply for PAN or to quote the same in specified transactions may attract penality of Rs.10000
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