Linking PAN with Aadhaar

There is a requirement to link PAN with Aadhaar latest till June 30, 2020. An individual has to visit the link to do the needful. In case the above exercise is not completed till the due date i.e. June 30, 2020, then PAN will become in operational.
There are provisions under the Income tax Act which require PAN to be quoted for TDS to be deducted at the rates in force; in case the individual has not submitted PAN to the payer, then TDS is deducted at a higher rate of 20% ( if 20% is higher than the rates in force).

CBDT Notification 11 of 2020.pdf (1.3 MB)


Thanks vijay.

Helps a lot.

Powered by | India's No.1 Payroll and HR Software.
9000+ Clients
150 Cities
10 Lakh+ Users