The federal government on Wednesday prolonged the deadline for linking PAN with Aadhaar by three months until June 30.
The earnings tax division mentioned it has acquired representations from taxpayers that the final date for intimating the Aadhaar quantity could additional be prolonged within the wake of the continued COVID-19 pandemic.
Retaining in view the difficulties confronted by the taxpayers, the Central Authorities has issued notification right this moment extending the final date for the intimation of Aadhaar quantity and linking thereof with PAN to thirtieth June, 2021, the Central Board of Direct Taxes (CBDT) mentioned in an announcement.
If PAN and Aadhaar should not linked, then the TDS fee on taxable payout might be 20 per cent as per Part 206 of the Revenue Tax Act 1961.
PAN if not linked with Aadhaar shall stay inoperative. Inoperative Pan means TDS might be deducted at greater charges, ITR can’t be filed and a penalty of Rs 10,000 could also be imposed.
(Solely the headline and movie of this report could have been reworked by the Enterprise Commonplace workers; the remainder of the content material is auto-generated from a syndicated feed.)
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