<h1>Ensure Over 90% PAN Accuracy in TDS/TCS Returns or Face Rejection and Penalties Under Income Tax Act.</h1> Tax deductors and collectors must ensure accurate Permanent Account Numbers (PAN) of deductees in their TDS/TCS returns. Forms 24Q, 26Q, and 27EQ require over 90% and 70% PAN data accuracy, respectively, or they will be rejected starting from the quarter ending September 30, 2007. Non-compliance will lead to penalties under the Income Tax Act. Taxpayers must provide correct PAN details to avoid penal consequences. Electronic filing of TDS/TCS returns is mandatory for entities audited under section 44AB or with over fifty records in the previous financial year. Paper submissions will not be accepted for these entities.