Need of PAN for submitting 15H or 15G

[satbir singhwahi]

whethher pan is compulsory for submitting 15H and  15G to banks & other parties? Otherwise 20% tds will be deducted.is this correct?

AI Summary

PAN Mandatory for Submitting Forms 15H and 15G to Avoid 20% TDS as per Section 206AA Since 2010. A query was raised regarding the necessity of providing a Permanent Account Number (PAN) when submitting forms 15H and 15G to banks and other entities to avoid a 20% Tax Deducted at Source (TDS). Two responses confirmed that PAN is indeed mandatory following the implementation of Section 206AA, effective from April 1, 2010. This requirement ensures the facilitation of electronic TDS (eTDS) in the future.