TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>CBDT Circular: No Higher TDS/TCS Rates for Deceased Individuals Without PAN-Aadhaar Linkage Before May 31, 2024.</h1> The circular issued by the Central Board of Direct Taxes addresses the non-applicability of higher rates of TDS/TCS under sections 206AA/206CC of the Income-tax Act, 1961, in cases where the deductee or collectee has died before linking their PAN with Aadhaar. This exemption applies to transactions conducted up to March 31, 2024, where the individual passed away on or before May 31, 2024, before the linkage could occur. In such cases, there is no liability on the deductor/collector to apply the higher tax rates, and standard provisions of Chapter XVII-B or XVII-BB will apply instead.
TaxTMI 
TaxTMI 
