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News INCOME TAX

  • Jul 22, 2025
  • Relief for these house property buyers and other taxpayers who got tax demand notice due to short deduction of TDS from in-operative PAN holders; Know more

    The Income Tax Department has given relief to those income tax payers who got an income tax demand notice due to short deduction of TDS and short collection of TCS from those deductors and collectors, who have an in-operative PAN. An PAN will be termed in-operative, if it is not linked with Aadhaar.

    The income tax department said that all such tax demand notices issued due to short deduction/collection of the TDS/TCS, will be deleted, if the PAN is made operative again within a specified deadline.

    What did the income tax department say?
    In a circular dated July 21, 2025 the Income Tax Department said: "...There shall be no liability on the deductor/collector to deduct/collect the tax under section 206AA/206CC of the Act, as the case maybe, in the following cases: