PAN-Aadhaar Link: Today, in any case, link the Permanent Account Number ie PAN and Aadhaar. Otherwise, after today you may have to suffer a lot. Your PAN will become inactive. That is, from tomorrow you may face trouble in bank transactions, buying shares. You may also have to pay a penalty of Rs 500 to Rs 1,000. March 31 is the deadline to complete PAN and Aadhaar.
Penalty till March 31 for not linking PAN-Aadhaar
The Central Board of Direct Taxes (CBDT) has decided to impose a fine of Rs 500 if you miss this deadline, but complete the seeding process within three months i.e. by June 30, 2022. If you are unable to do so, you will be charged double the penalty fee.
Non-linked PAN will become inactive after March 31
Also, if the linking process is not completed, your PAN will become inactive after March 31, 2022. The Income Tax Department circular states that you can reactivate your PAN after paying a penalty fee of Rs 500 or Rs 1,000.
Why it is necessary to link PAN and Aadhar
The law to link PAN with Aadhaar was introduced in the 2017 budget. A new section 139AA was added under the Income Tax Act. As per section 139AA, every person who has been allotted PAN as on 1st July 2017 and is eligible to obtain an Aadhaar number, has to link his/her PAN with Aadhaar. If PAN is not linked with Aadhaar before the expiry of the due date, PAN will become inoperative. It is mandatory to mention Aadhaar number while filing income tax return and also while applying for new PAN under section 139AA.
change in law
When the law was introduced, non-linking of PAN with Aadhaar would have made PAN invalid. This would mean that the PAN was not issued to the first person. However, the word ‘invalid’ was replaced with ‘inactive’ to preserve the validity of the transactions done earlier.
How to do PAN Aadhaar Card Link
If you have linked your PAN card with Aadhaar, then you can check your status by clicking on this link. First of all go to the official website of Income Tax Department www.incometaxindiaefiling.gov.in i.e. now the new website https://www.incometax.gov.in/iec/portal. Click on the option of Link Aadhaar at the bottom.
Click on the hyper link Click here to view your status. Here you have to fill your Aadhar and PAN card details.
– If your PAN card is linked to Aadhar card then you will see this confirmation that your PAN is linked to Aadhaar Number.
If you have not linked Aadhar card and PAN card yet, then you have to click on this link https://www.incometaxindiaefiling.gov.in/home. After that click on Link Aadhaar.
After this you have to fill your details. And your PAN card will be linked with Aadhar card.
PAN Card Aadhaar Card Link by SMS
To use the SMS service, Aadhaar can be linked with PAN card by sending a message to 567678 or 56161.
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