The deadline for linking PAN and Aadhaar has been extended to 31st May 2024 to help taxpayers avoid higher TDS deductions. Even after the previous deadline, linking is still possible by paying a fee. However, for deductors, failure to link by the original deadline means a higher TDS rate of 20% applies, which cannot be recovered from the deductee if full consideration has already been paid.
03 August 2024
true, but, as a deductor- 2d quarter of 2023-2024, there are certain PAN holders who have not done PAN-Aadhrar Link and they have not done even before 31-05-2024, now I have to pay @20% where in I can not collect from the deductee as already I have paid the full consideration holding TDS @1% as the payments falls under 194C- individuals.