Insertion of new section 206AA

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Full Text of the Document

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....ing contained in any other provisions of this Act, any person  entitled to receive any sum or income or amount, on which tax is deductible under Chapter XVIIB (hereafter referred to as deductee) shall furnish his Permanent Account Number to the person responsible for deducting such tax (hereafter referred to as deductor), failing which tax shall be deducted at the higher of the following rate....