HIGHLIGHTS
* The deadline to link PAN-Aadhaar has been extended to June 30th, 2023.
* The Finance Ministry, in a fresh notification, said that from July 1st, 2023 all unlinked Pan cards shall be deemed inoperative.
* Post the deadline, users will have to pay a penalty of Rs 1,000 to make their PAN operative again.
The Central Board of Direct Taxes (CBDT) has extended the last date to link
Permanent Account Number (PAN) with Aadhaar to June 30, 2023.
In a press release released on March 28, 2023, CBDT said, “In order to provide some more time to the taxpayers, the date for linking PAN and Aadhaar has been extended to 30th June 2023, whereby persons can intimate their Aadhaar to the prescribed authority for Aadhaar-PAN linking without facing repercussions.”
CBDT has extended the deadline to link PAN with Aadhaar for the fifth time on Tuesday. “Notification to this effect is being issued separately,” it further added.
The deadline to link Permanent Account Number (PAN) card and the Aadhaar card has been extended to June 30th, 2023.
For those unaware, the earlier due date was March 31st.
The Finance Ministry, in a fresh notification on Tuesday, said that from July 1st, 2023 all unlinked Pan cards shall be deemed inoperative.
Besides becoming inoperative, those whose Aadhaar is not linked to PAN will not get an IT refund, interest shall not be payable on such refund for the period during which PAN remains inoperative, and finally, TDS/TCS shall be deducted/collected at a higher rate, as provided in the Act.
“Income Tax Department in a Tweet said: “As per IT Act, 1961, it is mandatory for all PAN holders, to link their PAN with Aadhaar before 31.3.23.
From 1.4.23, the unlinked PAN shall become inoperative. Please link today.”
PAN and Aadhaar link deadline extended
The Securities and Exchange Board of India (SEBI) has asked investors to link their PAN and Aadhaar by the said deadline or investors will not be able to initiate transactions in the financial markets like NSE and BSE.
PAN-Aadhaar linking is not required for NRIs, individuals who are not citizens of India, and senior citizens aged above 80 years.
Residents of Assam, Meghalaya and Jammu Kashmir are also not required to link their PAN and Aadhaar.
The main idea behind linking PAN and Aadhaar from the Income-tax Department of India was to address the issue of duplication.
This came after the IT Department identified cases where one person had multiple PANs, or when one PAN number was allotted to multiple individuals.
This resulted in inaccuracies in the tax collection process.
How to check Aadhar-PAN Card link status online?
For the convenience of the taxpayers, we have mentioned the steps via which they can check the status of Aadhaar-PAN linking.
* Visit the official website of the income tax department
* Click Quick Links, then Link Aadhaar Status
* Enter PAN and Aadhaar numbers
* After the server checks the status, a pop-up message will be displayed.
* If Aadhaar and PAN are linked, the message will read: “Your PAN is already linked to given Aadhaar”.
* If the two documents are not linked, following message will appear on the screen: “PAN not linked with Aadhaar. Please click on ‘Link Aadhaar’ to link your Aadhaar with PAN”.
* In case the Aadhaar-PAN link is in progress, the taxpayer will see following message: “Your Aadhaar-PAN linking request has been sent to UIDAI for validation. Please check the status later by clicking on ‘Link Aadhaar Status’ link on Home Page.”
Faqs on Pan – Aadhaar Link Extension by Central Government
1) Who has to link PAN with Aadhaar?
Ans) ”Under the provisions of the Income-tax Act, 1961(the ‘Act’) every person who has been allotted a PAN as of 1st July 2017 and is eligible to obtain an Aadhaar Number, is required to intimate his Aadhaar to the prescribed authority on or before 31st March 2023, on payment of a prescribed fee,” said CBDT.
“Failure to do so shall attract certain repercussions under the Act we.f. Ist April
2023.
The date for intimating Aadhaar to the prescribed authority for the purpose of linking PAN and Aadhaar has now been extended to 30th June 2023,” it added.
2) What happens if you fail to link your Aadhaar with your PAN by June 30, 2023?
Ans) ”From 1st July 2023, the PAN of taxpayers who have failed to intimate their Aadhaar, as required, shall become inoperative.” CBDT said. The consequences during the period
PAN remains inoperative will be as follows:
i) No refund will be made against such PANS.
ii) Interest will not be payable on such refund for the period during which PAN remains inoperative.
iii) TDS and TCS shall be deducted /collected at the higher rate, as provided in the Income-tax Act, 1961.
3) Pay Rs 1,000 fine to link PAN with Aadhaar now?
Ans) If PAN becomes inoperative, individuals need to pay a nominal penalty of Rs 1,000 to link it with Aadhaar. ”
“The PAN can be made operative again in 30 days, upon intimation of Aadhaar to the prescribed authority after payment of fee of Rs 1,000,” said CBDT.
4) Aadhaar-PAN linking is not mandatory for these people
Ans) The mandatory linking of Aadhaar with PAN does not apply to four categories.
1. Residents of the states of Assam, Jammu and Kashmir, and Meghalaya.
2. Non-resident Indians (NRIs) as per the Income-tax Act, 1961.
3. Anyone who was of the age 80 year or more at any time during the previous year.
4. Individuals who are not a citizen of India.
Those who fall in any of the above categories, do not have to link their PAN with their Aadhaar by the deadline.
However, if they want, they can voluntarily link the two documents.
For other individuals, it is mandatory to link their Aadhaar with their PAN by the June
30 deadline.
More than 51 crore PANs have already been linked with Aadhaar to date, said
CBDT.
5) What is the new deadline to link PAN with Aadhaar?
Ans) The PAN Aadhaar linking last date is now Friday, June 30, 2023.
All PAN card holders must link their PAN card with Aadhaar card by this date.
6) Can I link my PAN with Aadhaar online?
Ans) Yes, you can do so by visiting the income tax e-filing website
https://www.incometax.gov.in/iec/foportal/.
On the website, you need to go to the ‘Quick Links’ section and click on the ‘Link Aadhaar
option’
7) Is PAN-Aadhaar linking free of charge?
Ans) No, PAN holders, who do not fall under the exempt category, and have not linked their PAN Aadhaar as of today, can only link their
PAN cards with Aadhaar by paying a penalty of Rs 1,000 by June 30, 2023.
The unlinked PAN shall become inoperative from July 01, 2023, onward.
8) How can I check the status of my PAN Aadhaar linking?
Ans) You can check the status of your PAN . Aadhaar linking by visiting the income tax e-filing website and clicking on the “Link
Aadhaar” option.
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