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of <h1>New PAN Thresholds for TDS/TCS Returns: 95% for Form 24Q, 85% for Forms 26Q and 27EQ from March 2008.</h1> All tax deductors and collectors must file TDS/TCS returns using specific forms: Form 24Q for salaries, Form 26Q for non-salary payments, and Form 27EQ for TCS. These forms require detailed PAN information. Initially, returns with less than 90% PAN data for Form 24Q and 70% for Forms 26Q and 27EQ were unacceptable. The threshold has now been increased to 95% for Form 24Q and 85% for Forms 26Q and 27EQ, effective from the quarter ending March 31, 2008. Deductors must ensure accurate PAN data to avoid issues in tax assessments and potential penalties.
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