Connecting Aadhaar PAN New Deadline Latest News 2023

Connecting Aadhaar PAN New Deadline

Connecting Aadhaar PAN New Deadline: The time limit for tying your PAN to your Aadhaar card has been extended once more. This deadline has been extended by the Income Tax Department by three months to June 30, 2023.

Some important questions which are coming in the mind of common people today and their answers

Q.1. Will The PAN Card Continue To Function After March 31?

Answer- Actually, as of right present, the Aadhaar card and PAN linkage date was March 31, 2023. If the connecting is not completed by this time, the PAN card will expire, according to the Income Tax Department. The cutoff date has now been extended until June 30, 2023. Your PAN card will continue to be valid until June 30 in this case.

Q.2. What Will Happen Following June 30?

Answer: Your PAN card will become inactive as of July 1, 2023, if PAN and Aadhaar are not linked by June 30, 2023, according to the Income Tax Department. Just a piece of paper will be used.

Q.3 What Are The Drawbacks Of Having An Inactive PAN Card?

Answer: If your PAN card is cancelled, you won’t be able to file an income tax return or receive a tax refund. For the time the PAN card is inactive, there won’t be any interest due on the return. As specified in the Income Tax Act, more TDS and TCS would be withheld from and collected at a higher rate. In addition to this, a lot of financial tasks might be suspended. You won’t be able to, for instance, establish a bank account or withdraw more than Rs 50,000. In addition, you may encounter challenges when trading stocks, investing in mutual funds, etc.

Q.4  Is PAN-Aadhaar Linkage Required For Everyone?

Answer: Linking is required for users who received a PAN card up until July 1, 2017, as well as those who also have an Aadhaar card. Residents of Assam, Jammu & Kashmir, and Meghalaya, however, would not be covered by this linkage. Moreover, linking is not required for non-residents, individuals who were 80 years of age or older in the previous year, or those who are not Indian nationals.

Q.5. Would Connecting PAN And Aadhaar Cost Money?

Answer: A Rs. 1000 fee is required if you link your PAN and Aadhaar cards before June 30. Following then, connecting may result in a punishment of Rs 10,000 being imposed. Indeed, section 272B of the Income Tax Act has a provision for a fine of Rs 10,000. Describe how Aadhaar has been connected to more over 51 crore PAN cards to date.

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Q.6. Why Is The PAN And Aadhaar Connection Service Not Provided For Free?

Answer: Actually, the government has insisted on PAN and Aadhaar being linked since 2017. For this, the deadline was extended several times. However, for the first time in 2022, the Income Tax Department talked about imposing fines for not linking. The fine, which was previously set at Rs. 500, has now been raised to Rs.

Q.7. Will The PAN Card That Is Currently Dormant Ever Become Active?

Answer- If you have not done the PAN-Aadhaar connection and the PAN card has gone inactive, then even after that you may get the link done with a fee. The PAN card will eventually need to be reactivated, though.

Q.8. How To Link Aadhaar-PAN?

Answer- First of all go to link. Here on the webpage, there would be two sections where taxpayers will have to input PAN and Aadhaar number. After this you will get a pop-up message. The message will read: “Your PAN is already linked with the given Aadhaar” if Aadhaar and PAN are linked. If not linked, a message will appear on the screen: “PAN is not linked to Aadhaar. Please click on ‘Link Aadhaar’ to link your Aadhaar with PAN”.

Lastly, after Aadhaar-PAN connecting, taxpayers would get the following message: “Your Aadhaar-PAN linking request has been forwarded to UIDAI for verification. Please return to the home page later to check the status by clicking the “Link Aadhaar Status” link.”

NOTE:– Big relief to common man, PAN-Aadhaar card linking date extended

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