Higher Deduction TDS on PAN Aadhar not linked
BALA CHANDRAN (6 Points)
22 November 2023BALA CHANDRAN (6 Points)
22 November 2023
Gokul Sharma
(jamshedpur)
(4095 Points)
Replied 22 November 2023
V SUBRAMANIAM
(504 Points)
Replied 22 November 2023
Musrath Shaik
(175 Points)
Replied 22 November 2023
The linkage of PAN (Permanent Account Number) and Aadhaar is a crucial requirement for various financial transactions and compliance purposes in India. It is important to note that tax laws and regulations can change, so it's advisable to consult the latest information or seek professional advice.
As per the Income Tax Act in India, individuals are required to link their PAN with Aadhaar to file income tax returns. If there is a mismatch between the PAN and Aadhaar details, it could lead to various issues, including higher TDS (Tax Deducted at Source) deductions.
For further more detailed information on this topic visit: Aadhaar Enabled Payment System (AEPS): Banking Made Easy
To read more such trending content, visit Swipe Blogs.