TDS @ 20% deducted due to non furnish of Permanent Account Number (PAN). It shall be refunded on producing of Permanent Account Number
JOSEPH BABU AX (JUNIOR ENGINEER) (24 Points)
19 March 2012TDS @ 20% deducted due to non furnish of Permanent Account Number (PAN). It shall be refunded on producing of Permanent Account Number
Mohammad Asif
(chartered accountant)
(191 Points)
Replied 20 March 2012
Its difficult to trace the Deductee without PAN
Praveen Jain
(Chartered Accountant)
(77 Points)
Replied 20 March 2012
No you will not get any refund
Swapnil Jain
(Finance - FP&A)
(564 Points)
Replied 20 March 2012
TDS is deducted.... but what about depositing the same? Is it deposited?
CA Chintan Vyas
(Chartered Accountant)
(116 Points)
Replied 20 March 2012
its require to deposit the same to govt.
Should not do refund..
CA Kiran Sutrave
(CA)
(428 Points)
Replied 20 March 2012
In such a case TDS is not to be refunded because the law specifically requires PAN to be produced on or before making payment to the payee.
If the assessee gives you the PAN then you can revise the Return with the PAN details provided so that the payee can claim the benefit of TDS.
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