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TDS deduction: Why you must check status of PAN Aadhaar linking status of deductee on deduction date to avoid income tax notice

By Economic Times - 8 months ago
Tax deducted at source (TDS): While it is important to deduct a correct amount of TDS in certain transactions, it is also important to check the status of the deductee's PAN. ​If the TDS deductor does not check the status of PAN of the deductee on the date of TDS deduction then all the penalty and other legal repercussions would be applied to him and nobody else.

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