PAN-Aadhaar link: The last date to link PAN with Aadhaar is March 31, 2022. If PAN is not linked with Aadhaar by the given date, late fees of Rs. 500 to be paid in cases where it is linked within the next 3 months or by June 30, 2022. Thereafter, Rs. 1000 would have to be paid by taxpayers as penalty.
The last date to link PAN with Aadhaar is March 31, 2022. As per Section 139AA of Income Tax Act, 1961, PAN should be linked with Aadhaar otherwise former will become inoperative. After the last date, penalty will have to pay to link PAN and Aadhaar.
The Central Board of Direct Taxes (CBDT) has extended the PAN-Aadhaar linking date several times. Earlier, the last date of linking was September 30, 2021. Then, date has been extended from September 30, 2021 to March 31, 2022.
However, PAN Card will be operative till March 31, 2023 but after that person will not be able to conduct financial transactions where PAN is required. A few days ago, the Income Tax department reminded the last date of PAN-Aadhaar linking and said that linking PAN with Aadhaar will help in quick e-verification of ITRs.
In order to mitigate the inconvenience to taxpayers, as per notification dated March 29, 2022, a window of opportunity has been provided to taxpayers up to March 31, 2023 to intimate their Aadhaar to the prescribed authority for Aadhaar-PAN linking without facing repercussions, the CBDT said, adding such intimation would have to be accompanied by late fees.
Aadhaar is issued by Unique Identification Authority of India (UIDAI) to residents of India. PAN is 10-digit alphanumeric number which is allotted by Income Tax department. PAN is required while filing ITRs, opening bank account, purchasing immovable property, mutual funds and also for many other things.
As per data, more than 43.34 crore PANs have been linked with Aadhaar till January 24, 2022. Over 131 crore Aadhaar cards have been issued so far.
If PAN is not linked with Aadhaar till March 31, 2022, late fees of Rs. 500 will have to be paid in cases where it is linked within the next 3 months or by June 30, 2022. Thereafter, Rs. 1000 would have to be paid by taxpayers as penalty.
PAN-Aadhaar link:- How to link PAN with Aadhaar?
Step 1. Visit the e-filing portal of I-T department incometax.gov.in
Step 2. On the homepage, click on ‘Quick links’
Step 3. Under the ‘Quick links’, click on ‘Link Aadhaar’
Step 4. Fill PAN number, Aadhaar number and other required details
Step 5. Tick the box ‘I have only year of birth in Aadhaar card’ and ‘I agree to validate my Aadhaar details’
Step 6. Enter the captcha code given on the screen
Step 7. Click on the ‘Link Aadhaar tab’
PAN-Aadhaar link:- How to link PAN with Aadhaar via SMS
Send SMS from Aadhaar registered mobile number at 567678 or 56161 UIDPAN<12-digit Aadhaar><10-digit PAN>
PAN-Aadhaar link:- How to check status?
Step 1. Visit the e-filing portal of I-T department incometax.gov.in
Step 2. On the homepage, click on ‘Quick Links’ option
Step 3. Click on ‘Link Aadhaar status’ option
Step 4. Fill your PAN and Aadhaar number
Step 5. Click on ‘View Link Aadhaar status’
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