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Higher TDS from July 1 if PAN not linked with Aadhaar


Highlights
Fine for persons who fail to link both these important documents.
New section in Finance Bill for PAN-Aadhaar linking.
New Delhi: Is PAN card still not linked with your Aadhaar card? There may be several financial repercussion –one being higher TDS. Those pan card holders who have still not linked it with their Aadhaar card will have to eke out higher Tax Deduction at Source (TDS) from July 1. The last date to link PAN Card with Aadhaar card is June 30.
As per Section 206AA, Rule 114AAA(3) of Income-tax Rules, 1962, higher TDS @20 percent will be levied if people fail to link their PAN card with Aadhaar Card by June 30. The higher rate of TDS @20 percent however will be deducted on incomes gained from interest on fixed deposit and dividends, among others. ....

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BJP had received over 76 per cent of all donations made through electoral trusts in 2019-20


The BJP had received over 76 per cent of all donations made through electoral trusts in 2019-20, a study by poll watchdog Association for Democratic Reforms has found.
These trusts are non-profits through which companies and individuals can contribute to political parties indirectly and lobby as a collective of contributors.
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The Congress and the Aam Aadmi Party are a distant second and third, respectively.
Of the 21 registered trusts, only seven have declared receiving contributions during 2019-20, totalling almost Rs 363.52 crore.
“The BJP received Rs 276.45 crore or 76.17 per cent of the total donations received by all political parties from electoral trusts followed by the INC (Congress) which received Rs 58 crore or 15.98 per cent,” the NGO’s report said. The AAP received Rs 11.27 crore. ....

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