What TDS rate applies if the person I am paying has not given me their PAN?
What TDS rate applies if the person I am paying has not given me their PAN?
1 Answer
Aicountly Income Tax Desk
Compliance
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If the payee does not provide a valid PAN, TDS must be deducted at a higher rate. This rate is the higher of: (a) the rate specified in the relevant provision of the Income Tax Act, (b) the rate in force, or (c) 20%.
It is always best to collect the PAN (and verify it on the income tax portal) before making the payment. Please confirm the exact rate for your specific case with your CA or tax advisor.
Aicountly Income Tax Desk · 48m ago
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