PAN-Aadhaar Linking Deadline Extended To June 30th By Central Government

PAN-Aadhaar Linking Deadline Extended: The date on which the Aadhaar card and the Permanent Account Number (PAN) card must be linked has been extended to June 30, 2024 . For those who are unaware PAN-Aadhaar Linking, March 31 was the earlier due date. In a new notification issued on Tuesday, the Finance Ministry stated that all unlinked Pan cards would cease to be valid on July 1, 2024 . In addition to becoming ineffective, individuals whose Aadhaar is not linked to a PAN-Aadhaar Linking will not receive an IT refund, there will be no interest on the refund for the time that the PAN-Aadhaar Linking ineffective, and, as stipulated by the Act, TDS and TCS will be deducted or collected at a higher rate.

The government has recently announced that the deadline for PAN-Aadhaar Linking and Aadhaar cards has been extended to June 30, 2021. This will give taxpayers more time to complete the process without facing any penalties or consequences. It’s important to note that linking your PAN and Aadhaar cards is mandatory, and failure to do so can result in your PAN-Aadhaar Linking becoming invalid. So take advantage of this extension and ensure that you link your PAN and Aadhaar cards before the new deadline. If you need any assistance with the process PAN-Aadhaar Linking, don’t hesitate to reach out to official government resources for help.

PAN-Aadhaar Linking Deadline Extended

The deadline for PAN-Aadhaar Linking and Aadhaar has been extended once again, providing individuals with more time to complete the process. This extension is a welcome relief for those who may have been struggling to meet the previous deadlines due to various reasons. The government has recognized the importance of this linkage and has made the process as simple as possible for individuals to complete. In order to PAN-Aadhaar Linking and Aadhaar, you can visit the income tax e-filing website or use the SMS-based facility provided by the government. It’s important to note that failing to PAN-Aadhaar Linking and Aadhaar could result in financial penalties, so it’s recommended that you complete the process as soon as possible.

The deadline for PAN-Aadhaar linking has been extended until June 30, 2021. This means that you have extra time to complete the process without worrying about any penalties or consequences. PAN-Aadhaar Linking and Aadhaar cards is a simple process that can be done online through the Income Tax Department’s website. It is an important step to ensure that your financial records are in order and compliant with government regulations. If you need any assistance with the PAN-Aadhaar Linking, don’t hesitate to reach out to a tax professional or visit the Income Tax Department’s website for more information.

PAN-Aadhaar Linking Details 2024

Who has to link PAN with Aadhaar?

According to CBDT, “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 2024, on payment of a prescribed fee.” This is in accordance with the provisions of the Income-tax Act, 1961 (the “Act”). Failure to do so will result in certain Act-related penalties beginning April 1, 2024. The deadline to notify the designated authority of Aadhaar in order to link PAN and Aadhaar has been extended to June 30, 2024 ,” it continued.

This decision was made in response to the ongoing COVID-19 pandemic and the difficulties it has caused for individuals trying to comply with the original deadline. If you haven’t linked your PAN and Aadhaar cards yet, don’t worry – there’s still time to do so. You can link them online through the official websites of either PAN or Aadhaar, or by visiting a designated PAN service center near you. Remember that linking your PAN and Aadhaar cards is mandatory, so be sure to complete this process before the new deadline to avoid any potential penalties or legal issues down the line.

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What happens if you fail to link your Aadhaar with your PAN by June 30, 2024?

This decision was made in response to the ongoing COVID-19 pandemic and the difficulties it has created for many individuals in completing this process. The linking of PAN and Aadhaar cards is important for a number of reasons, including tax compliance and identity verification. If you have not yet linked your PAN and Aadhaar cards, now is the time to take action to ensure that you are compliant with government regulations. You can link your PAN and Aadhaar cards through the official government portal or by visiting a designated service center. It’s important to note that failure to link these two documents can result in penalties or other legal consequences. So don’t delay – take advantage of this extended deadline and complete the PAN-Aadhaar linking process as soon as possible.

CBDT stated, “The PAN of taxpayers who have failed to intimate their Aadhaar, as required, shall become inoperative from 1st July 2024.”

The outcomes during the period that Skillet stays defective will be as per the following:
i) These PANs will not be reimbursed.
ii) For the time that the PAN is inactive, interest will not be charged on this refund.
iii) According to the Income Tax Act of 1961. TDS and TCS must be deducted or collected at the higher rate.

Pay Rs 1,000 fine to link PAN with Aadhaar

In the event that PAN ceases to be valid, individuals will be required to pay a small penalty of Rs 1,000 to link it to Aadhaar. After paying a fee of Rs 1,000, the CBDT stated, “The PAN can be made operational again in 30 days upon notification of Aadhaar to the prescribed authority.”

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PAN And Aadhaar Link Deadline Extended

The deadline for linking PAN and Aadhaar has been extended once again, providing relief to those who have yet to complete the process. This extension is particularly helpful for those who have faced challenges due to the ongoing pandemic or other unforeseen circumstances. To link your PAN and Aadhaar, simply visit the Income Tax Department’s e-filing portal and follow the instructions provided. It’s important to ensure that your personal information matches across both documents in order to avoid any issues down the line. With this extension, individuals can breathe a little easier knowing that they have more time to complete this important task without any added stress or pressure.

Investors are being urged to link their PAN and Aadhaar by the stipulated deadline by the Securities and Exchange Board of India (SEBI), or they will be unable to conduct business on the NSE and BSE. NRIs, non-Indian citizens, and seniors over 80 are exempt from the requirement to link their PAN and Aadhaar. Assam, Meghalaya, and Jammu and Kashmir residents are exempt from this requirement as well. The Income Tax Department of India wanted to solve the problem of duplicate data by connecting PAN and Aadhaar. This was done after the IT department found instances in which a single person had multiple. PANs or in which a single PAN number was given to multiple people. The process of collecting taxes became inaccurate as a result of this.

Aadhaar-PAN Linking Is Not Mandatory For These People

Four groups are exempt from the requirement to link Aadhaar and PAN.
1) People who live in the states of Meghalaya, Jammu and Kashmir, and Assam.
2) According to the Income-tax Act of 1961, non-resident Indians (NRIs).
3) Anybody who was 80 years old or older at any point in the previous year.
4) People who are not a resident of India.

Those who fall into any of the aforementioned categories are exempt from the requirement to link their PAN and Aadhaar by the deadline. However, they can link the two documents on their own initiative. For others, connecting their Aadhaar with their Skillet by the June 30 deadline is obligatory.

According to CBDT, Aadhaar has already been linked to more than 51 million PANs.

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Conclusion

It’s important to note that linking PAN and Aadhaar is mandatory for taxpayers, as it helps to streamline the tax filing process and reduce fraudulent activities. If you haven’t linked your PAN and Aadhaar yet, now is the perfect time to do so. You can easily complete the process online or through a mobile app, making it quick and convenient.  This move was made in response to requests from citizens who were struggling to complete the process due to COVID-19 restrictions. The extension provides much-needed relief for those who were worried about missing the original deadline. It is important to note that linking your PAN and Aadhaar cards is mandatory, and failing to do so can result in penalties and other legal consequences. However, with the extended deadline, citizens have more time to complete the process and ensure that their financial affairs are in order. If you have not yet linked your PAN and Aadhaar cards, now is the perfect time to do so before the new deadline approaches.

PAN-Aadhaar Linking Deadline Extended FAQ’S

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