To address grievances faced by deductors /collectors, the CBDT has specified that for the transactions entered into up to 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 at higher rates specified under section 206AA/206CC.
