https://www.taxtmi.com/acts?id=51942 Compliance and reporting under the tax deduction and collection at source framework require a person deducting or collecting tax to obtain a tax deduction and collection account number, quote it in prescribed documents, and ensure that a valid Permanent Account Number is furnished by the deductee or collectee. Failure to furnish PAN results in deduction or collection at higher rates, subject to specified exceptions. The section also requires payment to the Central Government, delivery of prescribed statements, correction statements within the allowed period, and continued liability where tax collection is not actually made. en-us Thu, 14 Aug 2025 18:17:18 +0530 Mon, 06 Apr 2026 13:01:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51942 Compliance and reporting under the tax deduction and collection at source framework require a person deducting or collecting tax to obtain a tax deduction and collection account number, quote it in prescribed documents, and ensure that a valid Permanent Account Number is furnished by the deductee or collectee. Failure to furnish PAN results in deduction or collection at higher rates, subject to specified exceptions. The section also requires payment to the Central Government, delivery of prescribed statements, correction statements within the allowed period, and continued liability where tax collection is not actually made. Act-Rules Income Tax Thu, 14 Aug 2025 18:17:18 +0530 https://www.taxtmi.com/acts?id=51942