As per Income-tax Act, 1961, it is mandatory for all PAN holders, who do not fall under the exempt category, to link their PAN with Aadhaar before 31.3.2023.
From 1.04.2023, the unlinked PAN shall become inoperative.
What is mandatory, is necessary.
CBDT issues Circular No. 13/2022 dt 22.06.22 containing guidelines to remove difficulties wrt Section 194S, which comes into effect from 01.07.22. Section 194S mandates tax deduction @ 1% on transfer of Virtual Digital Asset by payer.
It is available on:
https://t.co/NMNcgKzkOU
Hon'ble Finance Minister Smt
@nsitharaman, MoS (F) Sh @mppchaudhary & MoS(F) Sh @DrBhagwatKarad with the CBDT Budget team on Budget eve.
Secretary(F) Sh Somanathan, Secretary(R) Sh Tarun Bajaj, Chairman, CBDT Sh JB Mohapatra & Member, CBDT Smt Pragya Saxena present
#Budget2022
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