Pan for tcs

Hi Vignesh,

If deductee want to take credit of tax deducted, then its compulsory for him to have PAN and deductee must also ensure to submitt PAN to the deductor to update in TDS return for his TDS transaction.

TDS/TCS rate for non PAN cases is 20% in case of payment covered under other than section 195 (Foreign remittance).

Thanks and Regards,

Manoj B. Gavali

Thanks for the reply? Could you gimme the exact section for that?

Section 206AA

But Section 206 AA does not cover TCS.