Certain cases with inoperative PANs are being treated same as Invalid PANs as the justification report demands 20% instead of the applied rates .
I want to know
1.Is my understanding correct? Are we indeed required to deduct at a higher rate if the PAN is not linked with Aadhaar?
2.Can we rectify this situation by linking Aadhaar with PAN now to avoid penalties, or will the transaction date be considered in determining the PAN's operability?
3. One valid and operative PAN is mentioned along with the valid and inoperative ones in the list ( justification report), and no other reason is apparent to us apart from the possibility of this PAN getting operative after the transaction. Please verify if this analogy is correct.
Thanks in advance!
CAclubindia
