For TCS, Collectee shall furnish his PAN to the person responsible for collecting such tax at source. If PAN is not intimated, tax shall be collected at :

CS Executive · Tax Laws and Practice · PYQS · December 2021
For TCS, Collectee shall furnish his PAN to the person responsible for collecting such tax at source. If PAN is not intimated, tax shall be collected at :
(A) Twice the normal rate or at the rate of 5%, whichever is lower
(B) Twice the normal rate or at the rate of 5%, whichever is higher
(C) Twice the normal rate or at the rate of 10%, whichever is lower
(D) Twice the normal rate or at the rate of 10%, whichever is higher

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax Act, 1961

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