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INTERVIEW QUESTIONS
TAX
TAX DEDUCTED AT SOURCE (TDS/ TCS)
DETAILS
Question: At what rate the Payer will deduct tax if PAN Number is not furnished to the Payer?
Answer: As per section 206AA, if you do not furnish your Permanent Account Number to the payer (i.e., deductor), then the deductor shall deduct tax at the higher of the following rates:-
. At the rate specified in the relevant provision of the Act.
. At the rate or rates in force, i.e., the rate prescribed in the Finance Act.
. At the rate of 20%.
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Tax Deducted at Source (TDS/ TCS) Interview Questions & Answers -
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Question:
At what rate the Payer will deduct tax if PAN Number is not furnished to the Payer?
Answer:
As per section 206AA, if you do not furnish your Permanent Account Number to the payer (i.e., deductor), then the deductor shall deduct tax at the higher of the following rates:-
. At the rate specified in the relevant provision of the Act.
. At the rate or rates in force, i.e., the rate prescribed in the Finance Act.
. At the rate of 20%. Source: CoolInterview.com
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