The last date has been extended to June 30, 2023
PAN-Aadhaar linking fine
You will be charged Rs.500 if you link your PAN to your Aadhaar on or before June 30, 2022. If the PAN-Aadhaar link is completed on or after July 1, 2022, a charge of Rs.1,000 would be required. The fees have now been dismantled into their individual. components.
Consequences of not linking
From July 1, 2023, the PAN of taxpayers who have failed to link their Aadhaar, as required, shall become inoperative. The consequences during the period that PAN remains inoperative will be as follows:
- No refund shall be made against such PANs;
- Interest shall not be payable on such refund for the period during which PAN remains inoperative; and
- TDS and TCS shall be deducted /collected at higher rate, as provided in the Act
- After informing the prescribed authority and paying a cost of Rs.1,000, the PAN can be made operational again in 30 days.
Who don’t have to link
The category of individuals who don’t have to link PAN with Aadhaar includes those residing in specified States, a non-resident as per the Act, an individual who is not a citizen of India or individuals of the age of eighty years or more at any time during the previous year.
The Income Tax administration stated that anyone who fall into one of the aforementioned categories can voluntarily link their Aadhaar with PAN.
Who should link
According to Section 139AA of the Income Tax Act, every person who was assigned a permanent account number (PAN) as of July 1, 2017, and who is eligible for an Aadhaar number, must notify his Aadhaar number in the manner and form specified by law. Simply put, such individuals must mandatorily link their Aadhaar and PAN.
What happens if Aadhaar- Pan is not linked
According to the CBDT circular dated March 30, 2022, “Hence, to have the smooth application of section 234H and existing rule 114AAA, it is clarified that the impact of sub-rule (2) of rule 114AAA i.e. where a person. whose permanent account number has become inoperative under sub-rule (1) is required to furnish intimate or quote his permanent account number under the Act it shall be deemed that he has not furnished intimated or quote his permanent account number under the Act it shall be deemed that he has not furnished intimated or quoted the permanent account number as the case may be. In accordance with the provisions of the Act and he shall be liable for all the consequences under the Act for not turnishing intimating or quoting the permanent account number shall come into effect from 1 st April, 2023 and the period beginning from 1st April, 2022 and ending with 31st March, 2023, shall be the period during which ..
Q1: What is the deadline for linking PAN card with Aadhaar card?
the Last Deadline Announced by the Indian Government was June 30, 2023.
Q2: What happens if I fail to link my PAN card with Aadhaar card before the deadline?
Failure to link your PAN card with Aadhaar card before the deadline set by the government may have consequences. The Exact Penalties or consequences can vary ,so it’s important to refer to the official government guidelines or Consult with relevant Authorities for the most Accurate information.
Q3: How can I link my PAN card with Aadhaar card?
To link your PAN card with Aadhaar card, you can follow these steps:
- Visit the Official Website of the Income Tax Department of India.
- Look for the link or Section related to Linking PAN card with Aadhaar card.
- Provide the required information Such as PAN card number ,Aadhaar card number ,& other details as requested.
- Verify the Information Provided and submit the request for linking.
- Once the Verification is completed ,you will Receive a Confirmation of the Successful linking of your PAN Card with Aadhaar card.
It’s always advisable to refer to the Official Government Sources or consult with relevant authorities for the most accurate and up-to-Date Instructions on linking PAN Card with Aadhaar card.
Q4: Can I link my PAN card with Aadhaar card offline?
Yes, you can link your PAN card with Aadhaar card offline as well. To do this, you can visit the nearest PAN service center or Aadhaar enrollment center and submit the required documents and forms for linking PAN card with Aadhaar card. The exact procedure may vary, so it’s advisable to check the official government guidelines or consult with relevant authorities for the accurate offline linking process.
Q5: What documents do I need to link my PAN card with Aadhaar card?
To link your PAN card with Aadhaar card, you generally need the following documents:
- PAN card
- Aadhaar card
- Copy of PAN card and Aadhaar card
The exact document requirements may vary based on the linking process (online or offline) and any additional instructions provided by the Authorities. It’s always best to refer to the official Government sources or Consult with relevant Authorities for the accurate list of documents required for linking PAN card with Aadhaar card.