Tax collection at source
This query is : Resolved
27 March 2012
As per provisions of Section 206AA if deductee does not provide PAN to deductor then deductor will have to deduct tax at the maximum rate.
But if in the case of TCS, if the buyer of goods does not provide PAN, then is there any provisions in Income Tax to collect TCS at maximum rate?
But if in the case of TCS, if the buyer of goods does not provide PAN, then is there any provisions in Income Tax to collect TCS at maximum rate?
27 March 2012
No, THERE IS NO ANY PROVISION.
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