The Income Tax Department has issued an update for deductors, stressing the importance of verifying the PAN status of the deductee. It’s essential to be cautious, as deductees with an ‘Inoperative’ PAN status may face higher TDS/TCS rates. For more details, refer to CBDT Notification No. 15/2023 and Circular No. 3/2023 dated March 28, 2023. Deductors must stay informed and adhere to the specified guidelines for accurate tax deductions.