PAN-Aadhaar Card Update: Income Tax Department has shared an important information regarding the link of PAN with Aadhaar. If you have not linked PAN with Aadhaar even after making the payment, then you do not need to worry.
PAN-Aadhaar Linking Last Date: The last date for linking PAN with Aadhaar was June 30, which has now expired. Meanwhile, the Income Tax Department has shared an important information. The Income Tax Department has issued a clarification on PAN Aadhaar linking on its official Twitter handle for those people who were facing problems in linking it. The department issued the clarification just a few hours before the end of the time.
What information was given by the Income Tax Department
According to the tweet of the Income Tax Department, those who have paid the fine to link PAN with Aadhaar and consent has been received, but the document has not been linked till June 30, then the Income Tax Department on such a matter Deactivation of PAN will be considered. Significantly, it was mandatory to link PAN with Aadhaar by June 30. If you haven’t linked then it will be useless.
Kind Attention PAN holders!
Instances have come to notice where PAN holders have faced difficulty in downloading the challan after payment of fee for Aadhaar-PAN linking.
In this regard, it is to be informed that status of challan payment may be checked in ‘e-pay tax’ tab of…
— Income Tax India (@IncomeTaxIndia) June 30, 2023
The date for linking Aadhaar with PAN has been extended several times.
The Income Tax Act to link PAN with Aadhaar came into effect from July 1, 2017, since then the deadline for linking PAN with Aadhaar has been extended several times. Apart from this, in Budget 2021, the government also added section 234H to impose penalty for linking PAN with Aadhaar after the deadline. At the same time, till March 31, 2022, there was no penalty amount for linking it.
How much fine
A fine of Rs 500 was imposed under section 234H for linking Aadhaar with PAN from April 1, 2022. If PAN is linked with Aadhaar on or after July 1, 2022, a fine of Rs 1,000 was imposed for linking PAN with Aadhaar. The last date to link PAN with the fine was March 31, which was later extended till June 30.
It is worth noting that if PAN is not linked to Aadhaar by June 30, 2023, then PAN will become inactive. Once PAN is deactivated, it cannot be used for filing income tax refunds, higher TDS and TCS on income and expenditure, bank FDs, mutual fund schemes, etc.
