The Income Tax Act, 1961, mandates that every taxpayer must link their PAN (Permanent Account Number) with Aadhaar to ensure compliance. Failure to link Aadhaar with PAN leads to an inoperative PAN, triggering higher Tax Deducted at Source (TDS) under Section 206AA. From 1st July 2023, as per CBDT notification, if a PAN is not […]
Aadhaar Card
Understanding Section 206AA of the Income Tax Act, 1961: TDS Deduction at a Higher Rate
Section 206AA of the Income Tax Act, 1961 mandates a higher Tax Deducted at Source (TDS) rate when a recipient of taxable income fails to furnish a valid PAN. Under this section, if the PAN provided is invalid or not incorporated correctly, or if the PAN becomes inoperative due to non-linking with Aadhaar, then TDS […]
Online Aadhaar Verified UAN Allotment for any Citizen at Unified Portal
Dear all, We would like to bring to your attention Circular No. NDC/2017/UAN/Part/2729dated 21st November 2017 by which an open functionality is being provided at UNIFIED Portal through which any citizen can generate his/her UAN based on Aadhar. Below is the link to generate Online Aadhaar Verified UAN number. NDC_AllotmentUAN_UnifiedPortal_2729 https://unifiedportal-mem.epfindia.gov.in/memberinterface/no-auth/citizenRegistration/viewRegistraton Any person has […]