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Income Tax - Frequently Asked Questions (FAQs) |
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FAQs on Higher rate of TDS under section 206AA and 206AB |
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What is the rate of tax if provisions of Section 206AA are applicable? |
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Ans. As per Section 206AA, if the recipient fails to furnish his PAN to the deductor then tax shall be deducted at the highest of the following rates: (a) At the rate specified in the relevant provision of the Income-tax Act; or (b) At the rate or rates in force; or (c) At the rate of 20% |
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