The Income Tax Department reiterated the importance of linking PAN with Aadhaar by May 31, 2024, to avoid higher tax deductions under Sections 206AA and 206CC of the Income Tax Act, 1961. - Newsx
The Income Tax Department has issued a crucial reminder for all taxpayers: link your Permanent Account Number (PAN) with your Aadhaar Card before Friday, May 31. Failure to comply will result in higher tax deductions at source (TDS). This announcement was made via the social media platform X, emphasising the importance of this linkage to avoid financial penalties.
Linking Aadhaar details with the voter identity card has not started yet, Law Minister Kiren Rijiju said in the Rajya Sabha on Thursday while noting that the exercise was "process driven" and no target or timelines have been given for the proposed linkage. Aadhaar Details Linking With Voter ID Card Yet To Start, Law Minister Kiren Rijiju Informs Rajya Sabha.
The Brihanmumbai Electricity Supply and Transport (BEST) has levied a ₹17 lakh fine on Tata Motors for not integrating over 250 buses with Chalo App causing inconvenience to passengers in locating buses on the mobile application, according to a report by Hindustan Times.
This occurs at a time when the BEST initiative received an allocation of ₹800 crores