In certain cases where higher rate of TDS/TCS was applicable u/ss 206AA/206CC of the Income-tax Act,...

In certain cases where higher rate of TDS/TCS was applicable u/ss 206AA/206CC of the Income-tax Act, 1961 for transactions until 31.03.2024, but the deductee/collectee passed away on or before 31.05.2024 before linking PAN and Aadhaar, the deductor/collector shall not be liable to deduct/collect tax at higher rate u/ss 206AA/206CC. The deduction/collection shall be as mandated under other provisions of Chapter XVII-B or Chapter XVII-BB of the Act. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X