https://www.taxtmi.com/article/detailed?id=760 Recipients must obtain and furnish a Permanent Account Number to payers because absence, incorrectness or invalidity of PAN mandates TDS at a higher rate; quoting PAN on invoices and in correspondence is required. Authorities will not permit payment without deduction or lower deduction unless PAN accompanies the application. Payees subjected to higher withholding can adjust by paying advance tax or claim refunds only through income tax returns, so prompt PAN compliance is necessary to prevent elevated cash flow impact and to support revenue data integrity. en-us Fri, 16 Apr 2010 16:25:52 +0530 Fri, 16 Apr 2010 23:11:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=760 Recipients must obtain and furnish a Permanent Account Number to payers because absence, incorrectness or invalidity of PAN mandates TDS at a higher rate; quoting PAN on invoices and in correspondence is required. Authorities will not permit payment without deduction or lower deduction unless PAN accompanies the application. Payees subjected to higher withholding can adjust by paying advance tax or claim refunds only through income tax returns, so prompt PAN compliance is necessary to prevent elevated cash flow impact and to support revenue data integrity. Articles Income Tax Fri, 16 Apr 2010 16:25:52 +0530 https://www.taxtmi.com/article/detailed?id=760