Income Tax
The Central Board of Direct Taxes (CBDT) addresses the provisions of Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) in the event of the death of the deductee or collectee before linking their PAN and Aadhaar.
Relaxation of Provisions: The circular provides relief by stating that there will be no liability on the deductor or collector to deduct or collect tax under sections 206AA and 206CC of the Income-tax Act, 1961, for transactions entered into up to March 31, 2024.
[CBDT Circular No. 08/2024 dated 07th August 2024]
