Aadhaar-PAN linking deadline: ‘Miss it…,’ says earnings tax division

Aadhaar-PAN linking deadline: The deadline for linking Aadhaar and PAN is close to once more. The Central Board of Direct Taxes (CBDT) had prolonged it so as to present taxpayers extra time. 

Deadline to hyperlink PAN-Aadhaar

As per the Revenue Tax rule, it’s obligatory to hyperlink PAN and Aadhaar. People who haven’t linked their PAN and Aadhaar until now can achieve this by paying a big payment of 1000 until June 30.

“PAN Aadhaar linking. Form consideration PAN holders! As per Revenue-tax Act, 1961, it’s obligatory for all PAN holders, who don’t fall underneath the exempt class, to hyperlink their PAN with Aadhaar on or earlier than 30.06.2023. Please hyperlink your PAN & Aadhaar in the present day!,” earnings tax division tweeted.

As per earnings tax guidelines, no particular person can get hold of a couple of PAN. A penalty of 10,000 may be levied if a person has a couple of PAN


Who must hyperlink Aadhaar and PAN?

Part 139AA of the Revenue Tax Act supplies that each particular person who has been allotted a everlasting account quantity (PAN) as of the first day of July, 2017, and who’s eligible to acquire an Aadhaar quantity, shall intimate his Aadhaar quantity within the prescribed kind and method. In different phrases, such individuals must mandatorily hyperlink their Aadhaar and PAN by 30 June 2023  with the prescribed payment fee.

What is going to occur if you happen to fail to hyperlink your with yourAadhaar

1)Your PAN will turn out to be inoperative 

2)Pending tax refunds and curiosity on such refunds is not going to be issued.

3)TDS might be required to be deducted at the next fee.

4)TCS might be required to be collected at the next fee .

Steps to hyperlink PAN-Aadhaar

-Go to https://www.incometax.gov.in/iec/foportal


-On the Dashboard, in Profile Part underneath the Hyperlink Aadhar to PAN possibility, click on Hyperlink Aadhar.

-Enter your PAN and Aadhar Quantity.

-Enter your PAN, and ensure your PAN and cellular quantity to obtain OTP.

-Submit OTP verification, you can be redirected to the e-Pay Tax web page.

-Click on on Proceed on the Revenue Tax Tile.

-Choose AY as 2024-25 and the kind of Fee as Different Receipts (500) and click on Proceed.

-The relevant quantity might be pre-filled in opposition to Others.

Those that haven’t linked their PAN with Aadhaar ought to full the method as quickly as doable, and never wait till June 30.

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Up to date: 14 Jun 2023, 12:15 PM IST