Both PAN card and Aadhaar card are very important documents in today’s time. The Income Tax Department has made it mandatory to link PAN card with Aadhaar, whose deadline is very close. Under the Income Tax Act 1961, it has become necessary to link PAN card with Aadhaar. If you do not do this till June 30, 2023, then after that your PAN will stop working.

Its deadline has been extended several times and currently the last date is June 30. After this the expectation of further extension of the deadline is almost zero. In such a situation, you should link PAN card with Aadhaar without delay, because after June 30 i.e. from July 1, you will have to pay penalty for this. If you have not done this work till the deadline, then you will have to pay Rs 1000 as penalty before requesting the linkage on the e-filing portal.

For this, a list of those banks has already been put on the e-filing portal, from where you can get the challan made to pay the penalty. You may have to bear many losses if you do not link PAN with Aadhaar. The Income Tax Department has clearly said that if this is not done till the deadline, the refund of the concerned taxpayer will be withheld.

This means that if you do not link PAN and Aadhaar, you will not be able to get income tax refund. Not only this but if you link later by paying penalty, then also you will be at a loss. On one hand you will pay penalty, on the other hand you will not get interest for the period for which PAN is inoperative. Another major disadvantage of not linking PAN with Aadhaar is that you will be charged more TCS and TDS.

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If you do not link your PAN card with Aadhaar by June 30 or earlier, then your PAN card will be invalidated. For which you will have to face many serious consequences. You will not be able to do many important things. According to the Income Tax Act 1961, it is necessary for all PAN holders to link their PAN card with Aadhaar before June 30.

Linking of Aadhaar card and PAN card (Pan-Aadhaar Link) has been made mandatory by the government . Aadhaar card and PAN card are one of the most important documents in today’s time. Because of which the government has made it mandatory to link both of them. The use of both these documents is seen in almost every important work. Its last date is also coming closer.

When is the last date to link PAN-Aadhaar

The date for Pan-Aadhaar Link has been fixed as June 30, 2023. Earlier its deadline was fixed as 31 March 2023. If you do not link your PAN card with Aadhaar by June 30 or earlier, then your PAN card will be invalidated. For which you will have to face many serious consequences. You will not be able to do many important things. According to the Income Tax Act 1961, it is necessary for all PAN holders to link their PAN card with Aadhaar before June 30. However, there are many people who are exempted from this. In such a situation, it is also important for you to know whether you also come in the category of such people or not.

These people have got exemption from linking PAN-Aadhaar

Some people have also been exempted from the compulsion of Pan-Aadhaar Link . First of all, those who are not citizens of India have been exempted from linking PAN-Aadhaar. Apart from this, people who have completed or crossed the age of 80 years in the last year or at any time are also exempted from this. At the same time, according to the Income Tax Act 1961, non-residents are also exempted from this. Also, those living in Union Territories of Jammu and Kashmir, Assam and Meghalaya are also exempted from PAN-Aadhaar linking.

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Why is it important to link PAN card with Aadhaar?

The Income Tax Department has told PAN users that all PAN holders who do not fall under the exemption category as per the Income Tax Act 1961, should link their PAN number with Aadhaar before June 30, 2023. Take it. In case of non-linkage, your PAN will be canceled from July 1, 2023 under Section-139AA of the Income Tax Act. After this the PAN card can never be used.

Fees will have to be paid for linking PAN with Aadhaar,

according to the Income Tax Department, till July 1, 2022, the process of linking PAN with Aadhaar was free. After this, PAN users were given the opportunity to link till June 30, 2022, but the fee was fixed at Rs 500. Now the deadline to link PAN has been extended till March 31, 2023 and for this PAN users will have to pay Rs 1,000 as late fee.

How to pay the PAN Aadhaar linking fee:

According to the Income Tax website, easy online steps have been given for PAN users to pay the PAN Aadhaar linking fee of Rs 1,000, which are as follows-

• Users have to visit https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp or NSDL portal to request for PAN Aadhaar linking.
• Click on PROCEED under CHALLAN NO./ITNS 280 to submit the PAN Aadhaar linking request.
• Now choose Select Tax Applicable.
• Thereafter make sure to pay the fee of Rs.1,000 (fee) and under in a single challan.
• Choose the mode of payment from Net Banking or Debit Card.
• Enter PAN, select the specified year and enter the address.
• After this enter the captcha code and click on proceed.
• Once the payment is done, the taxpayer can link PAN-Aadhaar.

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But, according to the new instructions, some consumers have been exempted from linking PAN Aadhaar. In such a situation, it is important for you to know whether you also come under this exemption or not.

According to CBDT, the last date for linking Aadhaar PAN has been extended to 30 June 2023, which was earlier 31 March 2023. The Central Board of Direct Taxes has definitely given 3 months time to PAN users to link it with Aadhaar, but users should not only wait for the deadline, but should get rid of it by linking PAN Aadhaar now.

PAN will be activated on depositing Aadhaar link fee

The Central Board of Direct Taxes has said that if a user’s PAN becomes inactive, he will have to pay a fine of Rs 1,000 for linking it with Aadhaar. The PAN will be reactivated in 30 days on reporting Aadhaar to the prescribed authority after payment of a fee of Rs 1,000.

CBDT has exempted some people from linking PAN Aadhaar. These include residents of the states of Assam, Jammu and Kashmir and Meghalaya as well as other types of members. However, people falling in the exempted category can voluntarily link PAN and Aadhaar.

Aadhaar-PAN linking exempted for these people

• The requirement of linking Aadhaar with PAN does not apply to four categories of users-
• 1) Residents of the states of Assam, Jammu & Kashmir and Meghalaya.
• 2) Non Resident Indian (NRI) as per Income Tax Act 1961.
• 3) Any person who was of the age of 80 years or more at any time during the previous year.
• 4) Persons who are not citizens of India.
• Those who fall in any of the above categories are not required to link their PAN with their Aadhaar till the deadline.

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But, according to the new instructions, some consumers have been exempted from linking PAN Aadhaar. In such a situation, it is important for you to know whether you also come under this exemption or not.

According to CBDT, the last date for linking Aadhaar PAN has been extended to 30 June 2023, which was earlier 31 March 2023. The Central Board of Direct Taxes has definitely given 3 months time to PAN users to link it with Aadhaar, but users should not only wait for the deadline, but should get rid of it by linking PAN Aadhaar now.

PAN will be activated on depositing Aadhaar link fee

The Central Board of Direct Taxes has said that if a user’s PAN becomes inactive, he will have to pay a fine of Rs 1,000 for linking it with Aadhaar. The PAN will be reactivated in 30 days on reporting Aadhaar to the prescribed authority after payment of a fee of Rs 1,000.

CBDT has exempted some people from linking PAN Aadhaar. These include residents of the states of Assam, Jammu and Kashmir and Meghalaya as well as other types of members. However, people falling in the exempted category can voluntarily link PAN and Aadhaar.

Aadhaar-PAN linking exempted for these people

• The requirement of linking Aadhaar with PAN does not apply to four categories of users-
• 1) Residents of the states of Assam, Jammu & Kashmir and Meghalaya.
• 2) Non Resident Indian (NRI) as per Income Tax Act 1961.
• 3) Any person who was of the age of 80 years or more at any time during the previous year.
• 4) Persons who are not citizens of India.
• Those who fall in any of the above categories are not required to link their PAN with their Aadhaar till the deadline.

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Now Pan Card and Aadhaar Card will be able to be linked till 30 June 2023. After the decision of the Finance Ministry to increase the last date for linking PAN with Aadhaar, it has been clearly said that if the new fixed date i.e. 30 June 2023 fails to do this work, then Your PAN card will be of no use.

Information in this regard has also been shared by the Income Tax Department through Twitter. It has been said in the tweet that to give some more time to the taxpayers for this important work, the date is June 30. has been extended till . This relief has been given to the taxpayers three days before the end of the deadline fixed earlier. Let us tell you that PAN card has become the most important document in today’s time, which is very important for any of your financial work.

PAN will be deactivated after June 30

If you do not link PAN-Aadhaar, your Pan Card will be deactivated. If this happens, then card holders will not be able to do things like mutual funds, stock market investments. Not only this, in today’s time, from opening a bank account to real estate or any other deal, PAN card is the most important document. So even though the deadline has been extended, it is prudent to get this work done as early as possible without waiting for the last date.

Use of closed card will be heavy

When the Pan Card is deactivated, if you use it as a document for any financial work, then you may be fined up to Rs 10,000. Under Section 272B of the Income Tax Act, there is a provision for this much fine.

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Please tell that currently you can link Aadhaar-PAN card by paying a fine of Rs 1000. Now, if you do not link till the new deadline of June 30, your PAN card may become inactive. After this, you may have to pay a fine of up to Rs 10,000 for linking. Explain that under Section 272B of the Income Tax Act, there is a provision of a fine of Rs 10,000. Let us know for whom the linking of Aadhaar and PAN card is necessary.

As per Section 139AA of the Income Tax Act, linking becomes necessary for every user who has been issued a PAN card by July 1, 2017 and also has an Aadhaar card. However, this linking is not necessary for the residents of Assam, Jammu & Kashmir and Meghalaya. Moreover, as per the Income Tax Act, 1961, even a non-resident is not bound to get Aadhaar-PAN card linked.

Linking is also not necessary for those who are 80 years or more or are not citizens of India till the last year. According to the Income Tax Department, those who fall under one of the above categories and want to voluntarily link their Aadhaar with PAN will have to pay a fine.

What will be the effect

If you do not get the linking of Aadhaar and PAN card done till the deadline, then there may be many problems. If your PAN card becomes inactive then there will be a problem in filing income tax return. At the same time, tax refund will also get stuck. Similarly, the work of other finance will also be affected. If the PAN is inactive, there may be difficulties in opening a bank account. Apart from this, there can be problems in investing in mutual funds and stocks.

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