Categories: Business News

Instances Have Come To Notice Where PAN Holders Have Faced Difficulty In Downloading The Challan After Payment Of Fee For Aadhaar PAN Linking | PAN

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PAN-Aadhaar Linking Last Date: The last date for linking PAN with Aadhaar was June 30, which has now expired. Meanwhile, Income Tax Department has shared an important information. The Income Tax Department has issued a clarification on PAN Aadhaar linking on its official Twitter handle for those who were facing problems in linking it. The department issued the clarification just hours before the deadline.

What information was provided by the Income Tax Department

According to the Income Tax department’s tweet, those who have paid the penalty for linking PAN with Aadhaar and consent and have also received approval but the documents are not linked till June 30, the Income Tax department will consider deactivating the PAN on such matter. Notably, linking PAN with Aadhaar was mandatory by June 30. If you haven’t linked it will be useless.

The date of linking Aadhaar with PAN has been extended several times.

Since the Income Tax Act for linking PAN with Aadhaar came into effect on July 1, 2017, the deadline for linking PAN with Aadhaar has been extended several times. Besides, in Budget 2021, the government also added Section 234H to impose penalty for linking PAN with Aadhaar after the deadline. At the same time, till March 31, 2022, there was no penalty amount for linking it.

How fine

A fine of Rs 500 was imposed under Section 234H for linking Aadhaar with PAN from April 1, 2022. If PAN is linked to Aadhaar on or after July 1, 2022, a penalty of Rs 1,000 was imposed for linking PAN to Aadhaar. The last date for linking PAN with fine was March 31, which was later extended to June 30.

It may be noted that if PAN is not linked with Aadhaar by June 30, 2023, PAN will become inactive. Once PAN is deactivated, it cannot be used for income tax refunds, higher TDS and TCS on income and expenses, bank FDs, mutual fund schemes etc.

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