Pan card inoperative and valid at the time of Tds deduction
This query is : Resolved
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Rohit Lodhi
(Querist)
23 April 2024
If pan were inoperative and valid at the time of Tds deduction but operative and valid before return filing at what rate TDS should be deducted
CA R SEETHARAMAN
(Expert)
24 April 2024
Deduct normal rate of tax.
Rohit Lodhi
(Querist)
24 April 2024
THE TRANSACTION ENTERED UPTO 31MARCH 2024 AND IN CASES WHERE PAN BECOME OPERATIVE DUE TO LINKAGE WITH AADHAR ON OR BEFORE 31/05/2024 THERE IS NO LIABILITY TO DEDUCT TDS AT HIGHER RATE @20%
02 May 2024
Theoretically, tax will be deducted at higher rate because the PAN was inoperative on or before 31.03.2024
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