The Income Tax Department has issued an attention notice to Tax Deductors/Collectors.
“Deductees/Collectees with PAN status marked as ‘Inoperative’ will be subject to higher TDS/TCS rates as per the provisions of Section 206AA/206CC of the Income Tax Act. Please refer to CBDT’s Notification No. 15/2023 and Circular No. 3/2023 dated March 28, 2023 for more details. The PAN status can be verified by clicking the link ‘Verify PAN Status’ available under the quick links.”
Source #Income Tax Portal