Big Relief for TDS/TCS Deductors & Property Buyers!

🔔 Big Relief for TDS/TCS Deductors & Property Buyers!

The Income Tax Department has announced that demand notices for short deduction or collection due to inoperative PANs will be waived, if the PAN is linked with Aadhaar within the specified deadline.

🧾 Applicable Cases: 📌 TDS/TCS between Apr 1, 2024 – Jul 31, 2025 ➡️ PAN must be operative by Sept 30, 2025

📌 TDS/TCS on or after Aug 1, 2025 ➡️ PAN must be operative within 2 months of payment month

💡 Even property buyers who deducted TDS at 1% (instead of 20%) on payments to sellers with inoperative PANs are covered – provided the PAN is regularized in time.

✅ A much-needed move to protect genuine deductors from penal consequences due to PAN-Aadhaar linkage issues!

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