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of <h1>Buyers Without PAN to Face Higher Tax Rates Under Section 206CC of Income Tax Act</h1> If the buyer fails to provide their Permanent Account Number (PAN) to the seller, as per section 206CC of the Income Tax Act, the tax will be collected at a higher rate. This rate will be either twice the rate prescribed in Section 206C(1H) of the Act or 1%, whichever is higher.
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