Tag Archives: section 206CC Income tax act

Higher Tax Rate for not giving PAN by Collectee for TCS w.e.f 01.04.2017

By | February 3, 2017

PAN by Collectee for TCS compliance Summary : -As per Finance Bill 2017  w.e.f 01.04.2017  i.e  FY 2017-18 (AY 2018-19) Any person paying any sum or amount, on which tax is collectable at source under Chapter XVII BB (hereafter referred to as collectee) shall furnish his Permanent Account Number to the person responsible for collecting such tax (hereafter… Read More »