Aadhaar and PAN must be linked by June 30. An inoperative PAN, higher TDS and TCS rates, and no tax refunds are all possible outcomes of non-compliance
Earlier, in another big relief to tax assessees, the IT Department had extended the last date of payment of self-assessment tax, in case of tax liability upto Rs 1 lakh till November 30, 2020
The new rule notified in the Gazette modifies the Prevention of Money Laundering Act of 2002 to replace the requirement of submitting "the Aadhaar number and Permanent Account Number by December 31