Circular no. 6/2024 dated 23.04.24- regarding consequences of PAN becoming inoperative-Income tax
In continuation of the Circular No. 3 of 2023, hereby specifies that for the transactions entered into upto 31.03.2024 and in cases where the PAN becomes operative (as a result of linkage with Aadhaar) on or before 31.05.2024 , there shall be no liability on the deductor /collector to deduct/ collect the tax under section 206AA/ 206CC, as the case maybe, and the deduction/ collection as mandated in other provisions of Chapter XVII-B or Chapter XVII-BB of the Act, shall be applicable.