Actions
Defect #5231
closed
PAN compulsory
Status:
Closed
Priority:
Urgent
Assignee:
-
Category:
Accounts / authentication
Target version:
-
Start date:
2010-04-01
Due date:
% Done:
0%
Estimated time:
Resolution:
Invalid
Affected version:
Description
As per new provision of tax deduction at source (TDS) under the Income
Tax Act 1961 effective from April 1, 2010, TDS 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. So pan is compulsory when we have deducted any TDS either
in cheque care or manual payment
Updated by
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