Attention TDS Deductors here is new compliance for you – be extra careful while deducting and filing TDS return

December 6, 2023 by Pooja Gupta

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Attention taxpayers!

📣 Before deducting TDS, ensure the payee has linked their PAN with Aadhar, effective April 1, 2023.

If not, deduct TDS at a higher rate @ 20% as per section 206AA read with Rule 114AAA(3)(iii).

The department is pursuing demands for differences.

🧾 To check PAN-Aadhar linkage status, log in to TRACES at https://www.tdscpc.gov.in/app/login.xhtml.

Visit the “Dashboard” and find “PAN Verification” in the “Quick Links menu

You can check PAN status either individually or consolidated to save your time

Visit www.cagurujiclasses.com for practical courses

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Pooja Gupta

CA Pooja Gupta (CA, ISA, M.com) having 15 years of experience. Educator and Digital Creator

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