20 October 2009
W.e.f April 01, 2010 TDS Rate when PAN not available: Section 206AA: If deductee fails to furnish PAN to deductor, the deductor shall apply highest of the following rates for deducting TDS:- • at the rate specified in the relevant provision of this Act; or • at the rate or rates in force; • or at the rate of 20%.
So if PAN is not mentioned by the deductee then highest rate of 20% will be apply accordingly.
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