Sec 206 AA - Issues

Venkat Rao Marella | Last updated: 28 July 2010

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Section 206AA Issues and Implications Objective One of the important proposals which were introduced by the Finance (No.2) Act, 2009 is insertion of Sec 206AA in the Income Tax Act. The main objective of introduction of this section is to strengthen the PAN mechanism. Till now, the onus of collecting PAN was with the deductor. Now, with the introduction of this section, the onus has been shifted to the deductee. Relevant extract from explanatory memorandum on section 206AA is reproduced b

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1 Year PLAN

1999

(Excl. of GST ₹359)

BEST VALUE

2 Years PLAN

3499

(Excl. of GST ₹629)

3 Months PLAN

999

(Excl. of GST ₹179)

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About the Author

Venkat Rao Marella

Manager Business Finance

Dear Friends, I am a Chartered Accountant qualified in Nov2003, and at present in Service. At present working as Manager Business Finance in a ITeS office of one of an International banking corporation based out of Hyderabad.My professional work area includes Accounts, Budgeting, MIS, Planning and analysis, pric ... Read more

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