A deductor is required tax at source In accordance with the rates as specified in the relevant provision of the income-tax Act (‘ACT’) read first schedule to financial act. However if pan of the recipient is not intimated to the deductor. In view of tax shall be deducted at source at higher of the following rates.
- At the rate specified in the relevant provision of this Act; or
- At the rate or rates in force; or
- At the rate of 20%
For More Information. Read More AT: http://bit.ly/29ONBsO