1Notwithstanding anything contained in any other provisions of this Act, any person paying any sum or amount, on which tax is collectible at source under Chapter XVII-BB (herein referred to as collectee) shall furnish his Permanent Account Number to the person responsible for collecting such tax (herein referred to as collector), failing which tax shall be collected at the higher of the following rates, namely:-
(i) at twice the rate specified in the relevant provision of this Act; or
(ii) at the rate of five per cent.
(2) No declaration under sub-section (1A) of section 206C shall be valid unless the person furnishes his Permanent Account Number in such declaration.
(3) In case any declaration becomes invalid under sub-section (2), the collector shall collect the tax at source in accordance with the provisions of sub-section (1).
(4) No certificate under sub-section (9) of section 206C shall be granted unless the application made under that section contains the Permanent Account Number of the applicant.
(5) The collectee shall furnish his Permanent Account Number to the collector and both shall indicate the same in all the correspondence, bills, vouchers and other documents which are sent to each other.
(6) Where the Permanent Account Number provided to the collector is invalid or does not belong to the collectee, it shall be deemed that the collectee has not furnished his Permanent Account Number to the collector and the provisions of sub-section (1) shall apply accordingly.
(7) The provisions of this section shall not apply to a non-resident who does not have permanent establishment in India.
Explanation.-For the purposes of this sub-section, the expression "permanent
establishment" includes a fixed place of business through which the business of
the enterprise is wholly or partly carried on.
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1. Ins. by Act 7 of 2017, s. 73 (w.e.f. 1-4-2017).
Section 206CA Tax collection account number
Section 206CB Processing of statements of tax collected at source
Section 206CC Requirement to furnish Permanent Account Number by collectee
Section 207 Liability for payment of advance tax
Section 208 Conditions of liability to pay advance tax
Section 209 Computation of advance tax
Section 211 Instalments of advance tax and due dates