TDS Deduction

[Ravi Patil]

Dear Sir,

Kindly confirm vendor is not given pan (contractor)(but he is applied for pan) while accounting invoice what rate of TDS needs to deduct?

AI Summary

TDS on vendor payments: higher withholding applies when PAN is not furnished until PAN is produced. Whether tax deduction at source must be made at an increased rate where a vendor has not furnished a PAN but has applied for one, and whether the payer should deduct at the higher prescribed rate pending receipt of PAN and later reconcile or adjust withholding if PAN is subsequently produced.