PAN AADHAAR LINK LAST DATE: The last date for linking PAN with Aadhaar is June 30. After this, a double fine will have to be paid for this work. Before the last date passes, you should also link your PAN with Aadhaar. Know here how to link Aadhaar with PAN online.
The last date for linking PAN cards with Aadhaar is ending on June 30. Earlier its last date was fixed as 31 March 2022, but the date of linking PAN with Aadhaar was extended till 30 June with a fine of Rs 500. This, if any PAN card holder does not link his Aadhaar with PAN, then he will have to pay a fine of Rs 1000 for doing this work.
How long will your PAN work?
According to Section 234H of the Income Tax Act, a penalty of up to Rs 1000 will be imposed for linking PAN with Aadhaar by March 31, 2023. However, your PAN card will continue to work for one year i.e. till March 2023. With this, there will be no hassle in filing and refunding ITR for 2022-23.
how to pay fine
The Central Board of Direct Taxes (CBDT) has fixed a late penalty of Rs 500 for linking PAN with Aadhaar after March 31, 2022, and before June 30, 2022. After June 30, this amount will be doubled and a penalty of Rs 1000 will be levied for linking PAN with Aadhaar. To be paid as a late fine. No one will be able to link his/her PAN with Aadhaar without paying a late fine.
A heavy fine may be imposed
If you do not link your PAN with your Aadhaar number, your PAN card will be deactivated. After this, the PAN card holder will not be able to do things like opening mutual funds, stock, and bank accounts. Apart from this, if you use your closed PAN card as a document anywhere, then you can be fined. Under Section 272B of the Income Tax Act 1961, you may have to pay a fine of up to Rs 10,000.