Tax on income
This query is : Resolved
04 March 2015
is it mandatory to deduct 20 % tax if assesee do not have pan number any clause for reference
04 March 2015
https://www.simpletaxindia.net/2010/04/tds-20-without-pan-incorrect-pan.html
04 March 2015
Yes there is provision for this. Please refer Section 206AA(1) of the Income Tax Act 1961. This provision was inserted vide Finance (No. 2) Act 2009 and is effective from 01.04.2010.
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