Seeking: Indian Tax Advice

daisy447

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What do if someone is not giving his PAN details for TDS but I have already transferred some good amount of money to his account? I only know his name and account number and didn't knew about this TDS thing before transferring.
 
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Yeah, that's my BAD I admit it. I had no idea about TDS, I thought if am transferring it through bank transfers, its their headache for what to show this money and not mine.
 
Well if you are in the US, the bank will also notify the IRS of the large money transfer (I think) and you may have other Tax issues.
You probably need EXPERT advice from a Lawyer/Accountant that specializes in this sort of thing.
I would be wary of the advice you receive on the forum when discussing that amount of money.
 
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