PAN No Requirement for Vendors

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..... We have vendors supplying agricultural 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 quer .....

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..... y is whether the Vendor should give me 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 require .....

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..... ment for PAN as per the Income Tax Act, 1961 as purchase is not covered under Section 192B, 194C , 194E , 194I ........... However for the purpose of taking deduction and recognition of the pe .....

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..... rson to whom the payment is made, identification proof to be ensured. - PAN No Requirement for Vendors - Query Started By: - JOHN SHANNEL Dated:- 15-3-2011 Income Tax - Got 1 Reply - Income Tax - D .....

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..... iscussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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