TCS made at par with TDS in case of non furnishing of PAN i.e. Twice the rate or 5% whichever is more :”

CLAUSE(S) OF FINANCE BILL, 2017	PARTICUL ARS OF AMENDME NTS	SECTION	AMENDMENT / NEWLY INSERTED	APPLICABLE W.E.F.	BRIEF OF AMENDMENT
72	TCS made at par with TDS in case of non furnishing of PAN i.e. Twice the rate or 5% whichever is more	206 CC	Newly inserted sec 206CC	1/4/2017	In case of non furnishing of PAN for TCS (in case of Resident only) 1. Higher rate of TCS (twice of the prescribed rates or 5% whichever is more) 2. No Credit of TCS as no certificate will be generated. 3. Section 206CC is not applicable to Non resident having no Permanent Establishment in India.