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Linking of Aadhaar with PAN must by May 31 to avoid higher TDS: I-T Dept

The Income Tax Department on Tuesday asked taxpayers to link PAN with Aadhaar by May 31 to avoid tax deduction at a higher.

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If PAN-Aadhaar are not linked by May 31, double TDS will be applicable: Check details to avoid penalty

In a circular issued on April 23, 2024 (CBDT Circular No. 6/2024), the Central Board of Direct Taxes (CBDT) outlined the regulations and potential consequences of not linking PAN with Aadhaar.

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I-T department asks taxpayers to link PAN with Aadhaar by May 31 to avoid higher TDS deduction

As per income tax rules, if a Permanent Account Number (PAN) is not linked with biometric Aadhaar, TDS is required to be deducted at double the applicable rate.

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I-T dept asks taxpayers to link PAN with Aadhaar by May 31 to avoid higher TDS deduction

I-T dept asks taxpayers to link PAN with Aadhaar by May 31 to avoid higher TDS deduction
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Income Tax Asks Taxpayers To Link PAN With Aadhaar By May 31 To Avoid Higher TDS Deduction

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.

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