This discussion addresses short deduction notices received by buyers when a seller's PAN was not linked to Aadhaar at the time of a property transaction. Many users are facing similar issues, with the Income Tax department often stating the demand is correct due to the inoperative PAN on the transaction date. Solutions explored include correction requests, appeals, and contacting tax authorities, though many find the process complex and time-consuming. Recent updates suggest that the IT department has cancelled many such demands for transactions before March 31, 2024, provided the PAN is linked by May 31, 2024, though specific procedures for cancellation are still being clarified.
It seems like you are dealing with a situation where TDS (Tax Deducted at Source) was deducted, but there's an issue with the linking of PAN with Aadhaar. Here are some steps you can consider:
Check Status on TRACES:
Log in to the TRACES (TDS Reconciliation Analysis and Correction Enabling System) website to check the status of the correction request. TRACES is the platform through which correction statements are processed.
If you have already submitted a correction request, you should be able to track its status on the TRACES portal.
Contact the Assessing Officer:
Reach out to the Assessing Officer (AO) who handles TDS matters for your jurisdiction. You can find the details of the AO on the Income Tax Department's website.
For further more detailed information on this topic visit: Tax Deduction/Collection Account Number (TAN)
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