https://www.taxtmi.com/acts?id=48841 Clause 397 requires persons who deduct or collect tax to obtain and quote a tax deduction and collection account number, and obliges payees to furnish a Permanent Account Number; failure to provide PAN renders certain declarations invalid and triggers withholding or collection at elevated rates subject to specified exceptions and limitations. Deductors and collectors must deposit taxes to the Central Government, file prescribed statements and may correct those statements within six years, while liability to pay tax to the Government remains despite any failure to collect. en-us Fri, 14 Feb 2025 13:07:48 +0530 Fri, 14 Feb 2025 13:07:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48841 Clause 397 requires persons who deduct or collect tax to obtain and quote a tax deduction and collection account number, and obliges payees to furnish a Permanent Account Number; failure to provide PAN renders certain declarations invalid and triggers withholding or collection at elevated rates subject to specified exceptions and limitations. Deductors and collectors must deposit taxes to the Central Government, file prescribed statements and may correct those statements within six years, while liability to pay tax to the Government remains despite any failure to collect. Act-Rules Bills Fri, 14 Feb 2025 13:07:48 +0530 https://www.taxtmi.com/acts?id=48841