PAN-Aadhaar linking date extended: The last date for linking the Permanent Account Number (PAN) to Aadhaar has been extended to June 30 from March 31. PAN playing cards will change into inoperative after the stated date if it isn’t linked with Aadhaar. This will have an effect on clients as they won’t be allowed to perform transactions wherever quoting of PAN is necessary. Such clients can also face a penalty of Rs 1,000 as per the Finance Bill, 2021.
The Finance Bill was handed by the Parliament earlier in March during which the federal government inserted a brand new part – 234H within the Bill. This part says that “Without prejudice to the provisions of this Act, the place an individual is required to intimate his Aadhaar quantity underneath sub-section (2) of part 139AA and such particular person fails to accomplish that on or earlier than such date, as could also be prescribed, he shall be liable to pay such charge, as could also be prescribed, not exceeding one thousand rupees (Rs 1,000), on the time of creating intimation underneath sub-section (2) of part 139AA after the stated date.”
As per the brand new rule, the federal government has made it necessary to furnish Aadhaar card whereas making use of for a brand new PAN card. In case of recent PAN card candidates, interlinking is completed robotically on the utility stage.
For current PAN cardholders, nonetheless, interlinking has to be executed manually earlier than the set deadline. PAN card holders are, due to this fact, suggested to link PAN with Aadhaar to keep away from any penalty.
How to link your PAN with Aadhaar Online:
* Visit Income Tax e-filing portal incometaxindiaefiling.gov.in
* Click on Link Aadhaar button on the Menu bar
* Enter required particulars like PAN quantity, Aadhaar card holder identify and quantity
* Verify the main points and enter Captcha Code and click on on Link Aadhaar
* A pop-up message will seem. It will inform you that your Aadhaar has been efficiently linked to your PAN.
PAN-Aadhaar link by way of SMS
If you need to link Aadhaar and PAN by way of an SMS, you’ll have to ship an SMS at 567678 or 56161. Format of the SMS must be like this:
‘UIDAIPAN(12digit Aadhaar quantity) house (10 digit PAN Number).’
Earlier in September 2018, the Supreme Court had declared Aadhaar as constitutionally legitimate and held that the biometric ID will stay a compulsory doc for the submitting of earnings tax returns and allotment of PAN playing cards.
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