Pan-Aadhaar Link: The last date for linking PAN with Aadhaar is 31 March 2022. If both the documents are not linked by this date, then you may have to face many consequences. First of all, if PAN is not linked with Aadhaar by March 31, then your PAN will not be active. Once PAN is deactivated, you will not be able to perform various financial transactions like opening a bank account, investing in shares, mutual funds etc.
will have to pay a fine
According to the rules of Income Tax Department, it has been made mandatory to link PAN card with Aadhar card before March 31, 2022. If you do not link PAN and Aadhaar by March 31, 2022, you may have to pay a fine of Rs 10,000.
Linking even after the last date will have to pay a fine
If you have linked PAN and Aadhaar even after 31st March, even then you will have to pay a fine of 10 thousand rupees first.
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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