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March 2010

Implications of non-availability of PAN of the payee with effect from 1 April 2010 – Press Release No.402/92/2006-MC (04 of 2010) dated 20 January 2010

By Pinky Shah
Sonalee Godbole
Tarun Ghia
Brijesh Cholera
Pratik Mehta
Gaurang Gandhi
Chartered Accountants
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40 Implications of non-availability of PAN of the payee with
effect from 1 April 2010 – Press Release No.402/92/2006-MC (04 of 2010) dated 20
January 2010


CBDT re-iterates the amendment with effect from 1 April 2010
pertaining to TDS at higher rate in absence of PAN of the payee. Further, the
certificate for lower / non deduction of tax at source would not be given
without PAN mentioned in the application. The law will apply to all including
non-resident assessees. PAN needs to be quoted in all the correspondences,
bills, vouchers and other documents sent to each other by deductor and deductee.

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