DTSB & Associates

The CBDT With a view to redressing the grievances faced by deductors/collectors who have collected TDS/TCS at normal rate but was required to deduct /collect at double the rate on account of PAN of the deductee being inoperative due to non linkage of such PAN with AAdhar from 1st April ,2023 has issued a circular no 6 on 23rd April ,2024 not to treat such TDS deductors in default ( short deduction) for the tax deducted at normal rate for transactions entered into upto 31.03.2024 if in such cases the PAN of deductee is linked to Aadhar and hence becomes operative on or before 31.05.2024. In such cases there will be no liability on the deductor/collector to deduct/collect the tax under section 206AA/206CC at double the rate because of PAN being inoperative due to non linkage of PAN with Aadhar and hence such deductors will not be required to pay the difference. Recently many notices have been issued to deductors for shortfall in tax deducted since PAN of deductee was found to be inoperative.
Accordingly where notices have been recd for short deduction because of this reason, it will be advisable to reach out to the deductee and get his PAN linked with Aadhar immediately and in any case on or before 31st May,2024.
It may be noted that this relief is for transactions up to 31st March,2024. Accordingly for transactions on or after 1st April, 2024 make sure PAN of deductee is linked to Aadhar and valid . The facility of verification of PAN being valid is available on income tax portal.

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