Although the filing deadline has been extended to 15 September 2025, taxpayers remain anxious for the release of the remaining ITR form utilities.

Taxpayers have voiced their frustration on social media over the delay. One user on platform ‘X’ urged that the utilities for ITR-2 and ITR-3 be released without further delay. Meanwhile, chartered accountants have also questioned why the Income Tax Department has remained silent on the timeline for releasing the Excel utilities.

About ITR-1 And ITR-4

The Central Board of Direct Taxes (CBDT) notified ITR-1 and ITR-4 via an official notification issued on April 29, 2025.

ITR-1: This form is meant for individuals who are residents in India (but not ordinarily resident), with a total income of up to ₹50 lakh. It applies to those earning income from salary, one house property, other sources, long-term capital gains up to ₹1.25 lakh under Section 112A, and agricultural income up to ₹5,000.

ITR-4: This form is applicable to individuals, Hindu Undivided Families (HUFs), and firms (excluding LLPs) with a total income of up to ₹50 lakh, who declare income from business or profession under sections 44AD, 44ADA, or 44AE. It also permits reporting of long-term capital gains up to ₹1.25 lakh under Section 112A.

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According to the Income Tax rules, if the Permanent Account Number (PAN) is not linked to the biometric Aadhaar, then TDS is required to be deducted at twice the applicable rate.

What is the detail

The Income Tax Department had issued a circular last month stating that no action would be taken if the assessee linked his PAN with Aadhaar by the due date of May 31. The department wrote on the social media platform ‘X’ on Tuesday, “Please link your PAN with Aadhaar before 31 May 2024 to avoid tax deduction at higher rate, if you have not done it already.

Also Read: New order to Gurugram traffic police: Don’t stop vehicles at night, no challans

In a separate post, the IT department also asked reporting entities including banks, foreign exchange dealers to file SFT by May 31 to avoid penalty. The department said, “The last date for filing SFT (Statement of Specified Financial Transactions) is May 31, 2024. Avoid penalty by filing correctly and on time.”

Fine up to Rs 1,000

Reporting entities Foreign exchange dealers, banks, sub-registrars, NBFCs, post offices, bond/debenture issuers, mutual fund trustees, companies paying dividends or buying back shares are required to file SFT returns with the tax authorities. Delay in filing SFT returns attracts a penalty of up to Rs 1,000 for each ‘default’ day. Penalties can also be levied for not filing SFT or filing incorrect details. The income tax department keeps a watch on high value transactions made by an individual through SFT.

The post Aadhaar-PAN link: I-T Department has issued a detailed to avoid higher TDS. Details Here first appeared on Rightsofemployees.com.

In such a situation, you will not be able to do any work related to PAN card. The Income Tax Department has fixed March 31, 2023 as the last date for linking PAN card with Aadhaar card.

Your pan card will become a piece of plastic from April 1

Let us inform that the Income Tax Department through its website as well as all social media accounts is repeatedly reminding people to link PAN card and Aadhaar card. If you have not yet linked your PAN card with Aadhaar card, then you have time till March 31, 2023. If you do not link your PAN card with Aadhaar card, then after March 31 i.e. from April 1, your PAN card will become just a piece of plastic and it will be of no use.

As per Income-tax Act, 1961, it is mandatory for all PAN holders, who do not fall under the exempt category, to link their PAN with Aadhaar before 31.3.2023.
From 1.04.2023, the unlinked PAN shall become inoperative.
Link it before it’s too late. Don’t delay, link it today! pic.twitter.com/JCWQB7srVm

— Income Tax India (@IncomeTaxIndia) January 9, 2023

1000 rupees will have to be given to link pan card and Aadhaar card

According to the circular of the Income Tax Department, if you have not yet linked your Aadhaar card with PAN card and now you link your Aadhaar card with PAN card, then you will have to pay a fee of Rs 1000. Not only this, if you do not link your Aadhaar and PAN by March 31, 2023, then your PAN card will become inactive.

PAN-Aadhaar was being linked for free till March 31, 2022

Let us tell that the last date for linking PAN card and Aadhaar card was fixed as March 31, 2022. A fee of Rs 500 was fixed for linking PAN and Aadhaar after March 31, 2022 and before June 30, 2022. Not only this, after June 30, 2022, the fee for linking PAN and Aadhaar was increased from Rs 500 to Rs 1000.

The post Income Tax Department has issued important notification for all PAN card holders, check immediately first appeared on Rightsofemployees.com.