History:-
Finance Act (no.2) 2009 has introduced the Provisions of section 206AA. It provides that the deductee should furnish his PAN to the person responsible for deducting the tax else the minimum rate of TDS applicable would be 20%.
The requirement to obtain PAN is governed by the provisions of section 139A. The section 206AA starts with a non-obstante clause “Notwithstanding anything...
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SEC 206AA - TWIST AND TURNS
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provisions