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of <h1>PAN mandatory for payees: failure leads to tax collected at higher of twice prescribed rate or 5% (capped 20%)</h1> A person receiving any sum on which tax is collectible at source must furnish their Permanent Account Number (PAN) to the collector; failure to do so triggers collection at the higher of twice the prescribed rate or five percent, capped at twenty percent. Declarations under the relevant provision are invalid without PAN, and if invalid the collector must collect tax as above. Applications for certificates require PAN. PAN must appear in all inter-party documents; an invalid or mismatched PAN is treated as non-furnishing. The section does not apply to a non-resident without a permanent establishment in India.
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