Higher TDS Rate for not furnishing PAN on Invoice

Please note that this provision is effective today and:



- TDS once made cannot be refunded to the vendor;

- We cannot undo the TDS even if the vendor gives a correct document at a later date;

- We cannot revert to the vendor that his document does not carry PAN, as it is the duty of the vendor to adhere to laws and not for customer to remind the vendor;



Lastly Check 1-Apr-2010 Economic Times carries a big article on this.