Tax deduction and collection compliance requires PAN reporting, prescribed statements, and higher rates for non-furnishing of PAN. Compliance and reporting under the tax deduction and collection at source framework require a person deducting or collecting tax to obtain a tax deduction and collection account number, quote it in prescribed documents, and ensure that a valid Permanent Account Number is furnished by the deductee or collectee. Failure to furnish PAN results in deduction or collection at higher rates, subject to specified exceptions. The section also requires payment to the Central Government, delivery of prescribed statements, correction statements within the allowed period, and continued liability where tax collection is not actually made.