PAN requirement for declaration: absence renders Form 15G/15H invalid and triggers TDS at the highest applicable rate. A declaration in Form 15G or Form 15H without the declarant's PAN is invalid; consequently the payer must deduct tax at the higher of the rate in the ... Summary
PAN requirement for declaration: absence renders Form 15G/15H invalid and triggers TDS at the highest applicable rate.
A declaration in Form 15G or Form 15H without the declarant's PAN is invalid; consequently the payer must deduct tax at the higher of the rate in the relevant charging provision, the rate(s) in force under the Finance Act, or twenty percent.
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