There is a requirement to link PAN with Aadhaar latest till June 30, 2020. An individual has to visit the link https://www1.incometaxindiaefiling.gov.in/e-FilingGS/Services/LinkAadhaarHome.html 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)