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New TDS Rule Notified. PAN Clubbing Mandatory otherwise Double Tax Will Be Deducted Now.
The Income Tax Department has announced relief for taxpayers who link their PAN (Permanent Account Number) with Aadhaar by May 31. According to tax regulations, failure to link PAN with Aadhaar results in TDS (Tax Deducted at Source) being deducted at twice the usual rate. Details of the Relief: Deadline: Taxpayers have until May…