PAN No Requirement for Vendors

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..... PAN No Requirement for Vendors
Query (Issue) Started By: - JOHN SHANNEL Dated:- 15-3-2011 Last Reply Date:- 15-3-2011 Income Tax
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Income Tax
We have vendors supplying agricultu .....

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..... ral products to a tune of Rs 5 lakhs an annum. There dont have TIN number since VAT is not applicable. We also dont deduct TDS since it is a purchase. My query is whether the Vendor should give me .....

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..... his PAN Number. If he doesnt have a PAN number is there any problem for my company. John Reply By CA Rachit Agarwal: The Reply: There is no requirement for PAN as per the Income Tax Act, 1961 as p .....

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..... urchase is not covered under Section 192B, 194C, 194E, 194I........... However for the purpose of taking deduction and recognition of the person to whom the payment is made, identification proof to b .....

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..... e ensured.
Discussion Forum - Knowledge Sharing .....

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