IF PAN IS NOT AVAILBLE AND THE AMOUNT PAYABLE IS Rs.20,000/-
WHETHER THE THRESHOLD LIMIT APPLIES IN THE ABOVE CASE.
Menu
Provisions of section 206aa applies where the pan is not ava
Replies (2)
Yes It will..!!
From the above query i assume, If it is an cash payment then it would be disallowed.
The Limit of 20,000 is reduced to 10,000 from 01-04-2017 onwards.
And if this be the case where TDS is invloved then for not having the PAN the tax would be deducted at 20%
Regards,
Sunil Sharma
Recent Topic
- Proprietor have 2 business. One is registered unde
- ITR-4 – Gross Receipts or Turnover for Secti
- Unrelated entries in AIS and Form 26as
- Payment to foreign national
- Internal reconstuction
- IDS Refund – Annexure B & GSTR-3B Match,
- Can i should STCG and LTCG as business income ?
- Capital contribution in Firm
- Form 3CD – Clause 20(b) | ESI Contribution &
- Capital Gains on Dissolution of Partnership
Related Topics
CAclubindia
