The PAN card of such people has become inactive. Despite this, those who are using inactive PAN in financial transactions can now face strict action under section 272B of the Income Tax Act. Under this section, a fine of up to ₹ 10,000 can be imposed on each such transaction. The government has started taking steps in this direction.

PAN-Aadhaar not linked?

The Income Tax Department says that if a person uses an inactive PAN, especially in high value transactions, then he can be fined separately in each case. This includes transactions such as opening or operating a bank account, investing in shares or mutual funds, purchasing property, applying for a loan and filing income tax returns.

How does PAN get deactivated?

If you have not linked your PAN to Aadhaar, it is declared inactive. Such PANs are now invalid for most tax and financial purposes. In such a situation, if a person uses this inactive PAN for financial purposes, it will be considered a violation of the law.

Keeping two PANs is also wrong

If a person has two PANs, it is wrong. The taxpayer should surrender one PAN. If he is caught making a mistake, a penalty will be decided after giving him an opportunity to explain the reason behind the act. If the reason is genuine and the mistake is made by mistake, no penalty will be imposed. So, if a taxpayer has two PANs, he should apply online for surrender of additional PAN by filling and submitting ‘Change or Correction in Existing PAN Data/Reprint of PAN Card’.

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PAN 2.0: Is it necessary to link PAN with Aadhaar even after PAN 2.0? Do you know the answer to this question? Actually, it is necessary to link PAN with Aadhaar even after PAN 2.0. Let us tell you that the Income Tax Department has made it mandatory to link PAN card with Aadhaar, but what will happen if it is not linked? The answer to this question is that if you do not link your PAN card with Aadhaar, then the PAN card becomes inactive.

If your PAN card is deactivated, then income tax returns cannot be filed. Tax refunds are not received, and financial services are not available. Aadhaar PAN linking is done automatically for new applicants of PAN card. To link PAN to Aadhaar, write UIDPAN and enter your Aadhaar number and PAN number and send SMS to 567678 or 56161. Information like name, date of birth, and gender should match in PAN and Aadhaar card. If there is a difference in the information in PAN and Aadhaar card, then the information of both the documents has to be made the same.

Actually, it is advisable to update the biometrics of Aadhaar card every 10 years, but there will be no need to update PAN 2.0. The new PAN card will have a QR code, which will make PAN verification easier. Along with this, PAN 2.0 will have many such features which will be helpful in preventing financial fraud.

If your PAN card is already made, then there is no need to make a PAN card again and the old PAN card will remain valid. The new PAN 2.0 will be an upgraded version of the old PAN, people do not need to change their PAN number.

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In case of not doing so, the PAN will be inoperative. The online process of linking has also been explained. Linking with Aadhaar is necessary to save PAN from becoming inactive. The Income Tax Department has warned the PAN card holders to link PAN with Aadhaar immediately, otherwise the PAN card will become inactive.

The last date for making PAN link (Pan-Aadhar Link Last Date) is 30 June 2023. A fine of Rs 1,000 will have to be paid for linking PAN and Aadhaar online. Users can pay this fee from the website of NSDL.

What will happen after July 1 if there is no link

According to the Income Tax Department, PAN will become inactive from July 1, 2023 if PAN is not linked to Aadhaar. The PAN of such customers will be canceled under Section 139AA of the Income Tax Act. There is also a provision for a fine of Rs 10,000 for using an inactive PAN card after July 1, 2023. So if there is no link, the users will face difficulty in banking transactions, land or property will not be able to be bought and sold. While the bank account can also be frozen.

how to link pan aadhaar online

• Users will first have to visit the e-filing website of the Income Tax Department (www.incometaxindiaefiling.gov.in).
• Register yourself on the website. Here PAN number will be your user ID.
• Now login by entering User ID, Password and Date of Birth.
• After this, you will see an option on the website ‘Link Aadhaar’, click on it.
• Users have to go to the profile setting of their account.
• As soon as you go to the profile setting, the option to link Aadhaar card will appear, select it.
• Now users fill their Aadhaar number and captcha code.
• After this, click on the ‘Link Aadhaar’ option shown at the bottom.
• After completing this process, your PAN card will be linked with Aadhaar.

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The central government had issued a guideline to link PAN card with Aadhaar. At the same time, the Income Tax Department had also informed the taxpayers that as per the Income Tax Act, 1961, it is mandatory for all PAN card holders, who do not fall in the exempted category, to link their PAN with Aadhaar before 30.06.2023. . On the other hand, some people have been given exemption to link Aadhaar with PAN card. Let us know who are the people who do not need to link PAN with Aadhaar.

PAN-Aadhaar link is not mandatory for these people 

According to a notification issued by the Union Ministry of Finance in May 2017, certain categories of people have been exempted from linking PAN-Aadhaar. It is not mandatory for these people to link PAN with Aadhaar.

• People living in Assam, Meghalaya and Union Territory of Jammu and Kashmir
• A non-resident under the Income Tax Act, 1961
• Persons aged 80 years or more till last year
• not be a citizen of India

How to link PAN Aadhaar 

• If you are going to link PAN Aadhaar then there are some ways, by following which you can easily complete it.
• Under the online process, you can link your PAN with Aadhaar by visiting the income tax e-filing website incometaxindiaefiling.gov.in.
• At the same time, you can also link PAN and Aadhaar through SMS. For this, you have to send UIDPAN < SPACE > < 12 Aadhaar numbers > < SPACE > < 10 PAN numbers> format to 567678 or 56161.
• Under the offline process, you can visit the nearest PAN Seva Kendra or Aadhaar Seva Kendra to link your PAN with Aadhaar.

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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.

PAN and Aadhaar (Pan-Aadhaar) both are essential documents of our identity in today’s time. Without these, we cannot complete the work related to financial and government schemes. The Income Tax Department has extended the last date for linking PAN with Aadhaar (Pan-Aadhaar Link) to 30 June 2023. From July 1, such PAN cards will be deactivated, which will not be linked to Aadhaar. 1000 rupees will have to be paid as a fine for linking PAN with Aadhaar. Meanwhile, a change has been made in the form for linking PAN with Aadhaar.

What has changed?

Now people will have to pay Rs 1000 as fine to link PAN with Aadhaar. When you pay the fine for linking PAN with Aadhaar, during this time you get the option of Assessment Year (AY). The Income Tax Department has now updated the assessment year. For payment of late fee, you have to choose the assessment year 2024-25. The previous deadline was March 31, 2023, for which assessment year 2023-24 was to be selected.

Won’t be able to do this

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. If this happens, then card holders will not be able to do things like mutual funds, stock market investments. In today’s time, from opening a bank account to doing real estate or any other deal, PAN card is the most important document.

May be fined heavily

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.

How to know whether Aadhaar is linked with PAN or not

To find out whether your PAN is linked to Aadhaar or not, you will have to visit the website of the Income Tax Department. After this click on ‘Link Aadhaar Status’. A window will open on your screen. In this, you have to click on ‘View Link Aadhaar Status’. Then a message will appear in front of you, from which it will be known whether your PAN is linked to Aadhaar or not.

Pan-Aadhaar linking is very easy 

• Log on to the official website of Income Tax www.incometax.gov.in.
• Go to the Quick Links section and click on Link Aadhaar.
• A new window will open on your screen.
• Enter your PAN number, Aadhaar number and mobile number here.
• Select the option of ‘I validate my Aadhaar details’.
• OTP will be received on your registered mobile number. Fill it and then click on ‘Validate’.
• After paying the fine, your PAN will be linked to 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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If both the documents are not linked by this date, the PAN cards will be deactivated on July 1. 1000 rupees will have to be paid as a fine for linking PAN with Aadhaar. Meanwhile, a change has been made in the form for linking PAN with Aadhaar.

Actually, while linking PAN with Aadhaar, the option of Assessment Year (AY) is available. The Income Tax Department has now updated the assessment year. You have to select the assessment year 2024-25 for payment of late fee. Earlier the deadline was 31 March 2023. That’s why they used to select the assessment year 2023-24.

If you don’t link it won’t work

In this case, the Finance Ministry says that if the link is not done till the last date, then its date will not be extended further. It means to say that if you do not link, then from July 1, your PAN card will be of no use. If this happens, then card holders will not be able to do things like mutual funds, stock market investments. Till now PAN card is also required to open a bank account. Whether you want to buy land or make a deal, PAN card is required everywhere. Without this, many types of difficulties can be faced.

How to know link is there or not

Whether your PAN is linked with Aadhaar or not. To know this one has to visit the official website of Income Tax. In the website you have to click on ‘View Link Aadhaar Status’. Then a message will appear in front of you. By which it will be known whether your PAN is linked with Aadhaar or not.

Know how to link

Linking PAN with Aadhaar is very easy. For this you have to visit the official website of Income Tax. First of all go to www.incometaxindiaefiling.gov.in. Go to the ‘Quick Links’ section on the homepage and click on the Link Aadhaar option. After this a new window will open. Here you have to enter your PAN number, Aadhaar number and mobile number. You will get OTP on the registered mobile number. Then after that click on Validate. After paying the fine, your PAN will be linked with Aadhaar.

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Along with this, people will be banned from filing income tax returns or accessing services related to PAN. However, the government has given relaxation in the deadline for linking PAN with Aadhaar and its deadline has been extended several times. But this time the current deadline is March 31, 2023.

Let us tell you that in May 2017, a notification issued by the Union Ministry of Finance was issued. According to this, many people were kept in the exemption category for linking PAN with Aadhaar. It was said in the notification that even if people falling in this category do not link PAN with Aadhaar, they will not face any problem and will not have to pay Rs 10,000 as fine.

There is no need to link these people , according to this notification, linking is not necessary for people living in Assam, Meghalaya and Union Territory of Jammu and Kashmir. On the other hand, according to the Income Tax Act, 1961, it is not mandatory for a non-resident to link PAN with Aadhaar. Apart from this, it is also not necessary for people who have crossed the age of eighty years or more at any time during the previous year. Also, even if a person is not a citizen of India, there is no need to link PAN with Aadhaar.

Know how to link PAN card with Aadhaar card

If your PAN and Aadhaar are not linked, you can link them through SMS or online. To link PAN with Aadhaar through SMS, send SMS to 567678 or 56161 from your registered phone number. Apart from this, you can also link PAN with Aadhaar online by visiting the Income Tax portal and paying the applicable late fee or Rs 1000. Along with this, you can also link your PAN card with Aadhaar card by visiting incometaxindiaefiling.gov.in, the official website of the Income Tax Department of India.

The post Government issued notification! These people will not have to pay fine for not linking PAN with Aadhaar first appeared on Rightsofemployees.com.

Central Board of Direct Taxes (CBDT) Chairperson Nitin Gupta said on Sunday that several crore PANs have not yet been linked to Aadhaar, but this work is expected to be completed by the end of the March 31 deadline.

Individual PANs not linked with Aadhaar will be declared inactive after March 31, 2023. Individual PANs not linked with Aadhaar will be declared inactive after this date. Along with this, the government has said that from the present time to March 31, a fee of Rs 1,000 will have to be paid to link PAN with Aadhaar.

Several awareness campaigns were conducted regarding linking of PAN with Aadhaar, the
CBDT Chief said, “Many awareness campaigns have been conducted regarding linking of PAN with Aadhaar and we have extended this deadline several times. If Aadhaar is not linked to PAN by the stipulated time, then that holder will not be able to get tax benefits as his PAN itself will not be valid after March.

The CBDT has made it clear in a circular issued last year that once the PAN becomes inactive, the person concerned will have to face all the consequences prescribed under the Income Tax Act. This includes situations like non-filing of income tax returns and non-processing of pending returns.

Along with the announcement of making PAN a common identifier, he said that the budget announcement to make PAN a common identifier will be beneficial for the business world. Finance Minister Nirmala Sitharaman has announced in the budget that business establishments will now be able to use PAN as a common identifier in the digital system of government agencies.

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