What are the penal provisions for quoting wrong PAN or not quoting it at all in the TDS certificate ??
PLease give section reference also.
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No PAN in TDS Certificate
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It is assumed that you are the deductor. Unless 95% and 85% of the TDS records contains valid PAN, for salary and non salary tds returns respectively, TDS return will not be accepted and all consequenses for non filing of return will follow.
Any person receiving any sum or income on which tax is to be deducted shall furnish his pan to the person responsible for deduction of tds under section 139A(5A). Failure to apply for PAN or to quote the same in specified transactions may attract penality of Rs.10000
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