Have Aadhaar card? Avoid Rs. 1000 penalty; Do this thing quickly online. Hurry!
You need to link your PAN and Aadhaar Card by June 30 to avoid paying a fine. Check the online PAN-Aadhaar linking process, penalty details here.
Have you linked your PAN with Aadhaar card yet? If not you need to do it by June 30 in order to avoid paying a fine or penalty of Rs. 1000. It can be noted that the central government has extended the last date to link your Permanent Account Number (PAN) with Aadhaar to March 31, 2023, however, there is something important for you to know. A host of penalties have been announced by the Central Board of Direct Taxes (CBDT). The department on March 30, introduced a sub-section (2) under section 139AA directing that a fine of Rs. 500 will be levied on linking the documents till June 30, 2022 and will be increased to Rs. 1000 after that.
Also, after March 31, 2023, the PAN of taxpayers who fail to intimate their Aadhaar, as required, shall become inoperative and all the consequences under the Act for not furnishing, intimating or quoting the PAN will apply to such taxpayers. The consequences include not being able to file return using the inoperative PAN; pending refunds cannot be issued to inoperative PANs, among others. Also Read: Instagram to help find missing children; launches AMBER Alerts
Taxpayers need to know that with effect from April 1, 2017, it has become mandatory to quote their Aadhaar in the application form for PAN and return of income. Therefore, you need to link your PAN with Aadhaar as early as possible to avoid penalties and complications. Here is how you can link your PAN with Aadhaar online.
You need to link your PAN and Aadhaar Card by June 30 to avoid paying a fine. Check the online PAN-Aadhaar linking process, penalty details here.
Have you linked your PAN with Aadhaar card yet? If not you need to do it by June 30 in order to avoid paying a fine or penalty of Rs. 1000. It can be noted that the central government has extended the last date to link your Permanent Account Number (PAN) with Aadhaar to March 31, 2023, however, there is something important for you to know. A host of penalties have been announced by the Central Board of Direct Taxes (CBDT). The department on March 30, introduced a sub-section (2) under section 139AA directing that a fine of Rs. 500 will be levied on linking the documents till June 30, 2022 and will be increased to Rs. 1000 after that.
Also, after March 31, 2023, the PAN of taxpayers who fail to intimate their Aadhaar, as required, shall become inoperative and all the consequences under the Act for not furnishing, intimating or quoting the PAN will apply to such taxpayers. The consequences include not being able to file return using the inoperative PAN; pending refunds cannot be issued to inoperative PANs, among others. Also Read: Instagram to help find missing children; launches AMBER Alerts
Taxpayers need to know that with effect from April 1, 2017, it has become mandatory to quote their Aadhaar in the application form for PAN and return of income. Therefore, you need to link your PAN with Aadhaar as early as possible to avoid penalties and complications. Here is how you can link your PAN with Aadhaar online.
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