Non-applicability of higher rate of TDS/TCS as per provisions of section 206AA/206CC of the Income-tax Act, 1961, in the event of death of deductee/collectee before linkage of PAN and Aadhaar

Non-applicability of higher rate of TDS/TCS as per provisions of section 206AA/206CC of the Income-tax Act, 1961, in the event of death of deductee/collectee before linkage of PAN and Aadhaar https://www.taxtmi.com/circulars?id=67718 Higher rate of TDS/TCS under section 206AA/206CC will not be applied where higher deduction/collection related to transactions entered up to 31.03.2024 and the deductee/collectee died on or before 31.05.2024 before PAN-Aadhaar linkage; the deductor/collector shall not be liable to apply those higher rates and normal deduction/collection under Chapter XVII-B or Chapter XVII-BB shall apply. en-us Mon, 05 Aug 2024 00:00:00 +0530 Tue, 06 Aug 2024 17:25:00 +0530 TaxTMI RSS Generator Non-applicability of higher rate of TDS/TCS as per provisions of section 206AA/206CC of the Income-tax Act, 1961, in the event of death of deductee/collectee before linkage of PAN and Aadhaar https://www.taxtmi.com/circulars?id=67718 Higher rate of TDS/TCS under section 206AA/206CC will not be applied where higher deduction/collection related to transactions entered up to 31.03.2024 and the deductee/collectee died on or before 31.05.2024 before PAN-Aadhaar linkage; the deductor/collector shall not be liable to apply those higher rates and normal deduction/collection under Chapter XVII-B or Chapter XVII-BB shall apply. Circulars Income Tax Mon, 05 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67718