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TDS RATES TDS at higher rates on all transactions not having PAN

TDS RATES TDS at higher rates on all transactions not having PAN. Tax ● Audit ● Advisory . © Neeraj Bhagat & Co. 1. TDS at a higher rate on all transactions not having PAN.

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TDS RATES TDS at higher rates on all transactions not having PAN

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  1. TDS RATESTDS at higher rates on all transactions not having PAN Tax ● Audit ● Advisory © Neeraj Bhagat & Co. © NeerajBhagat & Co. 1

  2. TDS at a higher rate on all transactions not having PAN • A new provision relating to tax deduction at source (TDS) will become applicable with effect from 1st April 2010. Tax at higher of the prescribed rate or 20% will be deducted on all transactions liable to TDS, where the Permanent Account Number (PAN) of the deductee is not available.  • The law will also apply to all non-residents in respect of payments / remittances liable to TDS. © NeerajBhagat & Co.

  3. Present TDS Rates © Neeraj Bhagat & Co.

  4. Proposed Provisions w.e.f. 1st April 2010 With effect from 1st April 2010, if PAN is not quoted by the deductee, the following rates shall be applicable: © Neeraj Bhagat & Co.

  5. THANK YOU..! © Neeraj Bhagat & Co.

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