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Rate of tcs if no pan

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(Querist)
03 November 2014 if buyer has no pan. then at what rate seller will charge tcs?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
03 November 2014 Section 206AA(1) (i.e. deduction at 20% if PAN not available) is applicable only for any deduction under Chapter XVIIB (TDS) and as far as TCS is considered, the same is covered under chapter XVIIBB. Thus, the provision of deduction at higher rate is not applicable to TCS.

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