Although in some cases, quoting of PAN for certain type of transaction is must, for most of the transactions quoting of PAN is optional yet
Though Tax is payable in the Assessment Year, Government collects tax on certain payments to safeguard its interest on revenue. Assessee can claim credit of such already deducted tax at the time of filing their returns. The compliance of Tax Deduction at Source (TDS) generally lies with the person making the payment. However, in certain cases, person receiving the income has also been assigned to comply with TDS provisions.
