Link PAN-Aadhaar: The Income Tax Department issued a reminder to taxpayers to link Permanent Account Number (PAN) with Aadhaar by May 31.
Posting on X (formerly Twitter), the IT department said that meeting this deadline is important in order to avoid higher tax deductions at source (TDS).
Link PAN-Aadhaar: The IT department said that meeting this deadline is important in order to avoid higher tax deductions at source (TDS).
Taxpayers who miss the deadline may face financial repercussions as they will be subject to higher tax deductions and collections as per Sections 206AA and 206CC of the Income Tax Act, 1961.
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Pooja Gupta
CA Pooja Gupta (CA, ISA, M.com) having 15 years of experience.
Educator and Digital Creator
