TDS rate when PAN not furnished: apply the higher of the prescribed rate, prevailing rates, or statutory fallback rate. Where a seller does not furnish PAN, section 206AA requires tax to be deducted at the highest of: the rate prescribed in the relevant provisions, the rate ... Summary
TDS rate when PAN not furnished: apply the higher of the prescribed rate, prevailing rates, or statutory fallback rate.
Where a seller does not furnish PAN, section 206AA requires tax to be deducted at the highest of: the rate prescribed in the relevant provisions, the rate or rates in force, or the statutory fallback rate, as the operative rule for TDS under section 194Q.
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