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Higher TDS Tax on PAN Not Linked with Aadhaar – Understanding the Impact of Section 206AA

Subodh K KauraComments Off on Higher TDS Tax on PAN Not Linked with Aadhaar – Understanding the Impact of Section 206AA

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 […]