The IT department on Tuesday asked taxpayers to link PAN with Aadhaar by May 31 to avoid tax deduction at a higher rate. Please link your PAN with Aadhaar before May 31, if you haven't already, in order to avoid tax deduction at a higher rate, the department posted on X. In a separate post, the I-T department asked reporting entities, including banks, forex dealers, to file SFT by May 31.
The income tax department has mandated that taxpayers link their PAN with Aadhaar by May 31, 2024, to avoid higher tax deduction rates. Reporting entities such as banks and forex dealers must also file SFT returns by the same date to avoid penalties. These measures ensure proper tracking of high-value transactions.
I-T Dept Asks Taxpayers To Link PAN With Aadhaar By May 31 To Avoid Higher TDS Deduction dailyexcelsior.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyexcelsior.com Daily Mail and Mail on Sunday newspapers.