Consequences if PAN becomes Inoperative due to non-linking with Aadhaar

The Central Board of Direct Taxes(‘CBDT’) has substituted Rule 114AAA to notify consequences that shall apply if a PAN becomes inoperative due to non-linking with Aadhaar. The consequences include no refund, no interest payable on refunds, and higher tax deductions / collections. 

Complete Circular attached here

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