https://www.taxtmi.com/news?id=280 Extension postpones the deadline for filing quarterly TDS and TCS statements to allow deductors/collectors to furnish mandated PAN data: 90% coverage for salaried deductees and 70% for others. Returns with PAN coverage below these thresholds will not be accepted and penal consequences under the Income-tax Act may follow. Deductors must obtain and quote correct PANs and deductees must furnish correct PANs to avoid penalties. Mandatory electronic filing applies for entities covered by audit requirements and those with large numbers of records in prior-year quarters. en-us Thu, 07 Feb 2008 12:30:00 +0530 Tue, 24 Jun 2008 18:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=280 Extension postpones the deadline for filing quarterly TDS and TCS statements to allow deductors/collectors to furnish mandated PAN data: 90% coverage for salaried deductees and 70% for others. Returns with PAN coverage below these thresholds will not be accepted and penal consequences under the Income-tax Act may follow. Deductors must obtain and quote correct PANs and deductees must furnish correct PANs to avoid penalties. Mandatory electronic filing applies for entities covered by audit requirements and those with large numbers of records in prior-year quarters. News - Thu, 07 Feb 2008 12:30:00 +0530 https://www.taxtmi.com/news?id=280