Attention Tax Deductors/ Collectors!! Inoperative PAN attract higher TDS/TCS

By | February 2, 2024
(Last Updated On: February 2, 2024)

Attention Tax Deductors/ Collectors!!

Deductees/Collectees having PAN status as ‘Inoperative’ attract higher TDS/TCS rates applicable as per provisions of Section 206AA/ 206CC of Income Tax Act. Please refer CBDT Notification no 15/2023 and Circular no 3/2023 dated 28th March 2023. The status of PAN can be checked by clicking the link ‘Verify PAN Status’ available under the quick links.