PAN-Aadhaar linking should be done by March 31, 2022
To mitigate the inconvenience faced by the taxpayers, the Central Board of Direct Taxes (CBDT) has extended the deadline for linking Aadhaar with Permanent Account Number (PAN) to March 31, 2023
Starting from April 1, your Permanent Account Number (PAN) will be inoperative if you fail to link it with Aadhaar. According to the Section 139AA of the Income Tax Act, every individual with PAN as on July 1, 2017 and is eligible to obtain Aadhaar, must link PAN with Aadhaar on or before March 31. If a taxpayer fails to link PAN and Aadhaar within the deadline, his or her PAN will become inoperative. Moreover, all the procedures in which a PAN is required, will be halted, according to the latest notification by the Central Board of Direct Taxes (CBDT).
The CBDT has extended the deadline for linking Addhaar with Permanent Account Number (PAN) to March 31, 2023. “In order to mitigate the inconvenience to the taxpayers, a window of opportunity has been provided to the taxpayers upto 31st of March, 2023 to intimate their Aadhaar to the prescribed authority for Aadhaar-PAN linking without facing repercussions,” the CBDT said in a statement. However, there will be consequences if you miss the March 31 deadline to link your PAN and Aadhaar.
Firstly, PAN or Permanent Account Number becomes inoperative if a taxpayer fails to link it with Aadhaar on or before March 31, 2022. To make PAN operative, he or she has to pay a penalty. “The taxpayers will be required to pay a fee of Rs 500 up to three months from April 1, 2022 and a fee of Rs 1000 after that, while intimating their Aadhaar,” the CBDT said.
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