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Income tax department has said no action will be taken for a short deduction of TDS in case the assessee links his/her PAN with Aadhaar by May 31; Know how to link your PAN with Aadhaar ....
According to income tax rules, the home buyer is required to deduct 1 percent TDS if the sale consideration is Rs 50 lakh or more. The TDS rate is 20 percent in the absence of a PAN, or if the PAN is deemed inoperative. ....
If you are trying to file your income tax return in the last minute, then there are certain changes in the process of filing income tax return (ITR) that one should know. If an individual knows about this, it will help him/her to avoid making any mistakes or confusion in the last minute. ....
If an NRI s PAN is still inoperative, he or she must inform the appropriate jurisdictional Assessing Officer of their NRI status and provide any necessary documentation. ....