Tax deduction at source: failure to provide PAN triggers a higher withholding rate under resident and non-resident schedule rules. Any person making a specified payment must deduct income tax at the time of payment at the rate shown in Column 3 of the Third Schedule for residents or ... Summary
Tax deduction at source: failure to provide PAN triggers a higher withholding rate under resident and non-resident schedule rules.
Any person making a specified payment must deduct income tax at the time of payment at the rate shown in Column 3 of the Third Schedule for residents or the Fourth Schedule for non-residents; if the deductee fails to furnish a Permanent Account Number, the deductor must withhold at the higher of the schedule-prescribed rate and a fixed higher rate, resulting in increased withholding where PAN is not provided.
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