Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
What happens if the payee does not furnish his PAN to the payer?
What happens if the payee does not furnish his PAN to the payer?
- The TDS rate shall be the rate as per the respective section
- No TDS is required to be deducted
- The TDS rate shall be reduced by 5%
- The TDS rate shall be 20% or the rate as per the respective section, whichever is higher (correct)
In which section is the TDS rate specified if the payee does not furnish his PAN to the payer?
In which section is the TDS rate specified if the payee does not furnish his PAN to the payer?
- Sec 195
- Sec 192
- Sec 194
- Sec 206AA (correct)
What is the TDS rate on interest on securities?
What is the TDS rate on interest on securities?
- The rate as per the respective section (correct)
- 20%
- 10%
- 5%
Who is responsible for deducting TDS on salary?
Who is responsible for deducting TDS on salary?
Signup and view all the answers
What is the consequence of not deducting TDS on winnings from lottery?
What is the consequence of not deducting TDS on winnings from lottery?
Signup and view all the answers
What is the TDS rate on insurance commission?
What is the TDS rate on insurance commission?
Signup and view all the answers
Who is required to deduct TDS on rent?
Who is required to deduct TDS on rent?
Signup and view all the answers
What is the consequence of not furnishing PAN to the payer?
What is the consequence of not furnishing PAN to the payer?
Signup and view all the answers
What is the TDS rate on payments to non-residents?
What is the TDS rate on payments to non-residents?
Signup and view all the answers
What is the consequence of not deducting TDS on professional fees?
What is the consequence of not deducting TDS on professional fees?
Signup and view all the answers
Flashcards are hidden until you start studying
