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penalty exemption: Non-linkage of PAN-Aadhaar: CBDT gives relief to tax deductors

The Central Board of Direct Taxes (CBDT) has clarified that tax deductors will not be treated as defaulters for failures in deduction of tax at a higher rate on transactions between July 1, 2023, and March 31, 2024, if the Permanent Account Number (PAN) becomes inoperative due to non-linkage with Aadhaar. This relief will be exempt from penalties, providing relief to businesses facing tax notices for shortfalls in deduction. ....

Rohit Garg , Shardul Amarchand Mangaldas Co , Central Board , Direct Taxes , Permanent Account Number , Shardul Amarchand Mangaldas , Penalty Exemption , Tax Deductors , Pan Aadhaar Linkage , Non Resident Indians , Income Tax Department , Central Board Of Direct Taxes Cbdt , Direct Tax , Central Board Of Direct Taxes ,

Penalty deadline extended for those who haven't linked PAN & Aadhaar

India Business News: NEW DELHI: In a relief for those dealing with taxpayers who have not linked their PAN and Aadhaar, the income tax department has relaxed the deadline . ....

Kuldip Kumar , Mainstay Tax , Business News ,