Higher TDS/TCS rate exemption if deductee/collectee expired before linking PAN-Aadhaar by 31.05.2024 for transactions until 31.03.2024.

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Full Text of the Document

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....In certain cases where higher rate of TDS/TCS was applicable u/ss 206AA/206CC of the Income-tax Act, 1961 for transactions until 31.03.2024, but the deductee/collectee passed away on or before 31.05.2024 before linking PAN and Aadhaar, the deductor/collector shall not be liable to deduct/collect tax at higher rate u/ss 206AA/206CC. The deduction/collection shall be as mandated under other provisions of Chapter XVII-B or Chapter XVII-BB of the Act.....