Higher TDS not required if PAN linked with Aadhaar by May 31
8 months ago

Higher TDS not required if PAN linked with Aadhaar by May 31

New Indian Express  

The income tax department has said that no action will be taken for short deduction of TDS in case the assessee links his/her PAN with Aadhaar by May 31. As per income tax rules, if a Permanent Account Number is not linked with biometric Aadhaar, TDS is required to be deducted at double the applicable rate. AKM Global, Partner- Tax, Sandeep Sehgal said the circular gives some relief to tax deductors concerning cases where the PAN of deductees is found to be inoperative due to non-linkage with Aadhaar. Sehgal said in cases where notices have been received for short deduction due to this issue, it is advisable to promptly ensure PAN linkage with Aadhaar by reaching out to the deductee, ideally before May 31, 2024.

History of this topic

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