I hade deducted TDS @ 1% u/s 194C for those not having PAN.
Do I have to file a TDS return for that also? or only TDS payment has to be done and no return has to be filed?
Shyam Lal Naik
(Service)
(6156 Points)
Replied 16 June 2010
All deduction shall be included in the TDS return.
Akhil Gupta
(Manager F&A)
(856 Points)
Replied 16 June 2010
Agreed with Shyam Lal Naik TDS return should submit all deduction made by you.
But Ria Saraf, I have a doubt on the rate of deduction as you metion that TDS have been deducted @ 1% u/s 194C for those not having PAN. It should be 20% as the PAN of party is not available.
RITESH KOTHARI
(B.COM, FCA, DISA(ICAI))
(778 Points)
Replied 16 June 2010
Ria,
TDS should be deducted @ 20% in FY 2010-2011, if the party is not having PAN, then why TDS has been deducted @ 1%.
And yes Whatever will be the deduction (right or wrong), you have to include the same in TDS return for the relevant period.
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