Deductors, collectors won't face higher tax rates under sections 206AA and 206CC for transactions up to March 31, if the deductee or collectee died on or before May 31, 2024
Even if your PAN card is no longer operative, there are certain financial transactions that can still be completed. These transactions, however, will result in a higher TDS and TCS
PAN cards have become inoperative from July 1 for those who have not linked it with their Aadhaar but users still have a chance to make their card operative
It was mandatory to link Aadhaar number with PAN by June 30. As per the CBDT guidelines, if it is not linked, PAN will be inoperative from July 1, 2023
According to the rules, failure to link PAN with Aadhaar results in the PAN card becoming inoperative, leading to various limitations and restrictions.
Aadhaar and PAN must be linked by June 30. An inoperative PAN, higher TDS and TCS rates, and no tax refunds are all possible outcomes of non-compliance
By paying a fine of 1,000 rupees, you can do PAN-Aadhaar linking by June 30, 2023. The income tax department alerts of demographic mismatch while linking
PAN-Aadhaar link last date: The Income Tax Department has fixed the last date to link the two cards as March 31, 2023, but the users will have to pay a penalty of Rs 1,000
PAN and Aadhaar card link last date: The Income Tax Department has fixed the last date to link the two cards as March 31, 2023, but the users will have to pay a penalty of Rs 1,000