In case, the taxpayer fails to provide Aadhaar number to Income-tax department, the PAN allotted to the taxpayer shall be considered invalid and the taxpayer will be treated as non-PAN holder.
This may lead to one of the following outcomes:
- TDS will be deducted at 20% or the applicable rate (whichever is more) instead of normal TDS rate.
- A penalty of Rs. 10,000 may be imposed on the taxpayer for not holding PAN.
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Comments
1 comment
It's really great that u take initiative to tell people about this and your way of representation of thought is really good.
We can understand out problem very easily and get our answers faster.
Thanks , this really help me a lot.
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