pan number
1
Tax Evaders/Benami Transactions – 7,00,000 NOTICES
FAILED TO MENTION THE PAN NUMBERS IN THE TRANSACTION OR TRYING TO EVADE TAX – THE GOVERNMENT HAS PROPOSED TO
1
The ISSUES the buyer may face to implement this TDS provisions – The rate of 1% may increase to 20% if seller does not provide PAN due to overriding provision of section 206AA of ITA.
Obtaining TAN number for complying with the provisions; Issuance of TDS certificate to the seller; Filing of TDS return quarterly
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