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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. ....
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). ....
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 ....