The Income Tax Department has yet again extended the last date to link PAN-Aadhaar last month. So, the taxpayers who have not linked their PAN and Aadhaar are suggested to complete this process by June 30 to safeguard from PAN Card deactivation. Moreover, if your PAN Card becomes inoperative then various financial processes will become hectic for you, including ITR filing.
PAN-Aadhaar Linking Last Date Extended
“Sub-section (2) of section 139AA of the Act makes it mandatory for every person who has been allotted a PAN as on 1 st July 2017 to intimate his Aadhaar Number so that the Aadhaar and PAN can be linked. This is required to be done on or before a notified date, failing which the PAN shall become inoperative,” says the official reminder from IT Department.
Consequences to Face if PAN Card Becomes Inoperative
As per IT Department, “if an individual fails to link their Aadhaar number as per section 139AA of the Income-tax Act, 1961, their PAN will become inoperative.”
“This means the taxpayers will not be able to use or mention their PAN for filing returns, processing pending returns, issuing refunds, completing pending proceedings, or deducting taxes at a normal rate. Furthermore, the taxpayer may encounter difficulties with banks and other financial portals since PAN serves as an essential KYC criterion for financial transactions,” mentioned by India today.
How to Check if Your PAN and Aadhaar are Linked Online?
- First, visit the official portal of the income tax department.
- Now look for the ‘Quick Links’ section on the left side of the homepage.
- Next, click on ‘Link Aadhaar Status’ given under the same section.
- You will have to enter your PAN number and Aadhaar number.
- After typing the details click on ‘View Link Aadhaar Status.’
- On the screen, a message will be displayed declaring your linking status.
Also read:
All Types of ITR Forms 2023 and How to Choose One For Yourself?
Initially, the deadline for linking PAN (Permanent Account Number) with Aadhar (unique identification number) was March 31, 2022, without incurring any penalty fees. However, the government extended the deadline to March 31, 2023, with the introduction of a penalty fee of Rs. 1000 for non-compliance. Presently, the deadline has been further revised to June 30, and individuals are required to link their PAN with Aadhar by this new deadline, while also being subject to a penalty fee of Rs. 1000.
