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.
Link your PAN with Aadhaar by THIS date to avoid higher TDS - Income Tax Department alerts taxpayers - Money News financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
The Income Tax Department on Tuesday asked all taxpayers to link PAN with Aadhaar by May 31, 2024, to avoid higher tax deducted at source (TDS) or tax collected at source (TCS).