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CIRCULAR NO. 6/2024, DATED 23-04-2024

No liability to deduct/collect tax at higher rates if payee links PAN-Aadhaar by May 31, 2024: CBDT
Editorial Note : To address grievances faced by deductors/collectors, the CBDT has specified that for the transactions entered into up to 31.03.2024 and in cases where the PAN becomes operative (as a result of linkage with Aadhaar) on or before 31.05.2024, there shall be no liability on the deductor/collector to deduct/collect the tax at higher rates specified under section 206AA/206CC.

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