TaxTMI 
TaxTMI 
TaxTMI 
Section 206AA - Requirement to furnish Permanent Account Number
X X X X Extracts X X X X
X X X X Extracts X X X X
.... on which tax is deductible under Chapter XVIIB (i.e Section 192 to 206B except Section 194LC), (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 rates (other than Section 194O and 194Q) * (i) at the rates specif....
X X X X Extracts X X X X
X X X X Extracts X X X X
....of section 206AA(1). No certificate under section 197 shall be granted unless the application made under that section contains the Permanent Account Number of the applicant. The deductee shall furnish his Permanent Account Number to the deductor and both shall indicate the same in all the correspondence bills, vouchers and other documents which are sent to each other. Where the Permanent Acc....
X X X X Extracts X X X X
X X X X Extracts X X X X
....payments specified therein, furnishes the following details and documents to the deductor:- * name, e-mail id and contact number * adress in the country or specified territory outside India of which the deductee is the resident * a certificate of his being resident in any country or specified territory outside India from the government of that country * Tax Identification Number of the ded....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ar and Notification 1. Issues - Non-applicability of higher rate of TDS/TCS as per provisions of section 206AA/206CC of the Income-tax Act, 1961, in the event of death of deductee/collectee before linkage of PAN and Aadhaar [ Circular No. 8/2024 dated 5th August 2024 ] Clarification - 3. In order to redress such grievances of the taxpayers, the Board, hereby specifies that in respect of cases w....