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Error: PAN is not available

As per law if PAN no. is not available, TDS is 20% . For this purpose we created TDS code B6 under 194C. This code was working till december. Since january , we are getting error if PAN no. is not available. System is not allowing to post the document. Please advise. 

Thanks in advance,

Debdeep Ganguly


Comments

  • 21 Jan 2014 1:15 pm rekha Best Answer

    As per Indian Income Tax law, if service vendor is not having PAN (in its vendor master), then TDS should be deducted at 20%.

    Apply SAP Note 1446746 - 20% tax rate is applicable if PAN is not available, Once we apply this note, system will only allow deduction of TDS at 20%, for the vendors who does not have PAN.

  • 22 Jan 2014 8:21 am Debdeep Ganguly

    Hi Rekha,

    Thanks for your quick response. I checked this note (1446746). Status is "can not be implemented, means already implemented. What may be the further solution

    Please help.

    Regards,

    Debdeep Ganguly