TAX DEDUCTED AT SOURCE (TDS).

REQUIREMENT OF PERMANENT ACCOUNT NUMBER.

Please note that the Finance Act(No.2) 2009 has introduced a new section 206AA with effect from April 01,2010 in the Income Tax Act, 1961.
 
TDS will be deducted @20% if the PAN is not quoted
 
• When the depositor submits a declaration in Form 15G of Form 15H.
    OR
   
• When a Certificate is given by the Assessing Officer under saection 197/197A,
    OR
   
• If the interest exceeds Rs. 10,000/- and the depositor is not a member or has not submitted Form 15g/15h or has not submitted Form 15G/15H or has not submitted a certificate under section 197/197A