If anyone's PAN is inoperative, while making any payment on which is liable to TDS, in this situation, should we consider threshold limit or not. E.g. Interest paid Rs.3000/- during the year which is below threshold limit but PAN is inoperative. In this case, should we deduct the TDS at higher rate, or not to deduct the TDS considering the threshold limit.
Menu
TDS AT HIGHER RATE
Replies (4)
Quick Summary
TDS is applicable only it exceed threshold limit. if it exceed then deduct at higher rate
I was reporting transporter details in tds return for a value of Rs. 10000. Transporter provided declaration hence tds was 0. But the tds return was processed stating shortfall of 20%. So practically, in case of pan inoperative, then deduct tds at 20% ignoring threshold limit.
If any pan is inoperative, the pan must be submitted and a fresh pan must be applied for.
| Originally posted by : sabyasachi mukherjee | ||
 |
If any pan is inoperative, the pan must be submitted and a fresh pan must be applied for. |  |
Request you sir not to misguide querists.
Recent Topics :
- SUPPLEMENTARY AGREEMENT FOR ADDING A PARTER IN TN
- Part availmement of ITC in case of rejection of su
- Due date for itr 5 no audit with loss for fy 25 26
- Capital Gains Mismatch AIS
- Inward E-way bill from Tally Prime 7.1
- Query regarding exemption under Section 10(10AA) &
- NPO registered under sec 8 itr filing
- Form 144 (Earlier 27Q) – Reason Code (A/C/G/
- Nps taxation
- Representative assessee
Related Topics :
CAclubindia
