Partial Modification of Circular No. 3 of 2023 dated 28.03.2023 regarding consequences of PAN becoming inoperative as per Rule 114AAA of the Income-tax Rules, 1962
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
PAN inoperative relief: deductors/collectors exempted from higher TDS/TCS where PAN is cured within prescribed timelines. The Board partially modifies prior guidance to relieve deductors/collectors from higher TDS/TCS liability under sections 206AA/206CC where PANs become operative through Aadhaar linkage within specified timelines: for payments from 01.04.2024 to 31.07.2025 if PAN is operative on or before 30.09.2025, and for payments on or after 01.08.2025 if PAN is made operative within two months from the end of the month of payment; in such cases withholding shall follow other provisions of Chapter XVII-B or XVII-BB.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
PAN inoperative relief: deductors/collectors exempted from higher TDS/TCS where PAN is cured within prescribed timelines.
The Board partially modifies prior guidance to relieve deductors/collectors from higher TDS/TCS liability under sections 206AA/206CC where PANs become operative through Aadhaar linkage within specified timelines: for payments from 01.04.2024 to 31.07.2025 if PAN is operative on or before 30.09.2025, and for payments on or after 01.08.2025 if PAN is made operative within two months from the end of the month of payment; in such cases withholding shall follow other provisions of Chapter XVII-B or XVII-BB.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
