Penalty for non furnishing of PAN in TDS statement

In case, the PAN Numbers are not furnished by the deductees, the respondent-assessee cannot be penalised under Section 272B. Section 139A also imposes the obligation on the deductees to furnish PAN Number to the deductor. The Board in the letter dated 5-8-2008 vide No. 275/24/2007-IT(B) has clarified that penalty of  10,000/- under Section 272B is…

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