To further strengthen the monitoring, the Income Tax Department had asked all PAN users to link PAN with Aadhaar by June 30. PANs not linked after this will become inactive or invalid from July 1. In such a situation, it is important to know whether your PAN is invalid or valid.

Any individual or companies can easily find out the validity or inactivity of Permanent Account Number ie PAN online. PAN can be verified online by entering the details entered in the PAN card like name, father’s name and date of birth. If you have not linked your PAN with Aadhaar, then as per the guidelines your PAN may become inactive. In such a situation, you will not be able to file ITR and there will be difficulties in financial transactions including many other types of work. Follow the suggested steps to check whether your PAN is valid or not.

First verify PAN details

1. Go to the homepage of the PAN users e-filing portal.
2. Click on Verify your PAN on the e-filing homepage.
3. On the Verify Your PAN page, enter full name, date of birth and registered mobile number and click on proceed.
4. 6 digit OTP will come on the registered mobile number, enter it and click on validate.
5. In this way your PAN details will be verified.

PAN Aadhaar Linking Status will tell PAN is valid or invalid

After verifying the details, you have to check PAN-Aadhaar linking status to find out whether your PAN is valid or invalid. However, if you have not linked PAN with Aadhaar before June 30, then your PAN will become invalid after July 1.

1. PAN users first go to the official website of the Income Tax Department – incometax.gov.in/iec/foportal/.
2. Open the Quick Link segment and select Link Aadhaar Status.
3. Enter your PAN and Aadhar card number.
4. Click on the option ‘C Link Aadhaar Status’.
5. You will see the PAN-Aadhaar link status on the screen.
6. If your PAN and Aadhaar are linked, the screen will display as linked. If not linked, it will show the details to link both the cards.

The post How to check PAN Card is valid or invalid? Here’s a Quick Step-by-Step Guide first appeared on Rightsofemployees.com.

The Income Tax Department has given relief to those who could not link PAN with Aadhaar despite depositing the penalty on June 30, 2023, the last date for linking PAN Aadhaar. Income Tax Department has issued clarification on PAN-Aadhaar linking. Individuals who have paid fine and obtained consent to link PAN with Aadhaar, but have not been linked by 30 June 2023, will be considered by the Income Tax Department, according to a tweet by the Income Tax Department. .

Income Tax Department said that PAN holders please take note! There have been cases where PAN holders have faced difficulty in downloading the challan after paying the fee for Aadhaar-PAN linking. In this regard, it is informed that the status of challan payment can be checked in the ‘e-pay tax’ tab of the portal after login. If the payment is successful, the PAN holder can proceed to link PAN with Aadhaar. There is no need to download the challan receipt for linking PAN with Aadhaar. Further, as soon as the PAN holder completes the payment successfully, an email with an attached copy of the challan is already being sent to the PAN holder.

Income tax department will consider penalty depositors

The Income Tax Department said that in cases where consent for fee payment and linking has been received, but linking has not been done by June 30, 2023, such cases will be duly considered by the department.

The law to link PAN with Aadhaar is applicable from 2017

The Income Tax law to link PAN with Aadhaar came into force from 1 July 2017. Since then the deadline for linking PAN with Aadhaar has been extended several times. Apart from this, in Budget 2021, the government had added section 234H to impose penalty for linking PAN with Aadhaar after the deadline. There was no penalty amount for linking it till 31 March 2022. A fine of Rs 500 was to be imposed for linking PAN with Aadhaar between April 1, 2022 and June 2022. If PAN is linked with Aadhaar on or after July 1, 2022, then a penalty of Rs 1,000 has been implemented for linking PAN with Aadhaar.

What if PAN is not linked

The Income Tax Department has said that keep in mind that if PAN is not linked to Aadhaar by June 30, 2023, then PAN will become inactive. Once the PAN becomes inoperative, there is no income tax refund. Higher TDS and TCS is applicable on income and expenditure. Users will not be able to invest in bank FDs, mutual fund schemes etc. and will face difficulties in buying and selling property as well as bank transactions and account opening.

The post Pan Aadhaar Link Update: Income Tax Department issued clarification on PAN-Aadhaar linking, relief to such PAN users! first appeared on Rightsofemployees.com.

Now till June 30, time has been given to link PAN with Aadhaar. In such a situation, PAN users should not wait for the 30th, but now link PAN with Aadhaar by depositing the fees online.

Why is it necessary to link PAN with Aadhaar?

The Income Tax Department has told PAN users that according to the Income Tax Act 1961, all PAN holders who do not come under the exemption category, must link their PAN number with Aadhaar before June 30, 2023. If PAN is not linked to Aadhaar, PAN will be canceled from 1 July 2023 under Section-139AA of the Income Tax Act.

Has the fee for PAN link been increased?

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 reduced to Rs 500. After this, the deadline for linking PAN has been extended till March 31, 2023, and for this, PAN users were charged Rs 1,000 as a late fee. Now PAN has to be linked by June 30, but this time there has been no increase in the fees.

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What is the mode of depositing the PAN link fee?

According to the website of the Income Tax Department, the fee for linking PAN with Aadhaar has been fixed at Rs 1,000. Online mode can be adopted to pay the fees.

1. For the request to link PAN Aadhaar, users must first visit https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp or NSDL portal.
2. Click on PROCEED under CHALLAN NO./ITNS 280 to submit the request for linking of PAN with Aadhaar.
3. Now choose Select Tax Applicable.
4. Thereafter make sure to pay the fee of Rs.1,000 (fee) and under in a single challan.
5. Now choose the mode of payment through Net Banking or Debit Card.
6. After that enter the PAN number, select the specified year and enter the address.
7. After this fill the captcha code and click on proceed.
8. Once the payment is done, the taxpayer can link PAN-Aadhaar.

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The post PAN-Aadhaar Link Fees Update: New update on depositing PAN Aadhaar link fees, check detail immediately first appeared on Rightsofemployees.com.

Now till June 30, time has been given to link PAN with Aadhaar. In such a situation, PAN users should not wait for the 30th, but now link PAN with Aadhaar by depositing the fees online.

Why is it necessary to link PAN with Aadhaar?

The Income Tax Department has told PAN users that according to the Income Tax Act 1961, all PAN holders who do not come under the exemption category, must link their PAN number with Aadhaar before June 30, 2023. If PAN is not linked to Aadhaar, PAN will be canceled from 1 July 2023 under Section-139AA of the Income Tax Act.

Has the fee for PAN link been increased?

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 reduced to Rs 500. After this, the deadline for linking PAN has been extended till March 31, 2023, and for this, PAN users were charged Rs 1,000 as a late fee. Now PAN has to be linked by June 30, but this time there has been no increase in the fees.

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What is the mode of depositing the PAN link fee?

According to the website of the Income Tax Department, the fee for linking PAN with Aadhaar has been fixed at Rs 1,000. Online mode can be adopted to pay the fees.

1. For the request to link PAN Aadhaar, users must first visit https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp or NSDL portal.
2. Click on PROCEED under CHALLAN NO./ITNS 280 to submit the request for linking of PAN with Aadhaar.
3. Now choose Select Tax Applicable.
4. Thereafter make sure to pay the fee of Rs.1,000 (fee) and under in a single challan.
5. Now choose the mode of payment through Net Banking or Debit Card.
6. After that enter the PAN number, select the specified year and enter the address.
7. After this fill the captcha code and click on proceed.
8. Once the payment is done, the taxpayer can link PAN-Aadhaar.

Related Article

The post PAN-Aadhaar Link Fee: Big news pan holders! New update on depositing PAN Aadhaar link fees, check detail immediately first appeared on Rightsofemployees.com.