PAN CARD – Idnsek.com

Income Tax issued Alert! These PAN card holders will have to pay a fine of Rs 10,000, do this work immediately.

admin — Mon, 10 Apr 2023 20:01:00 +0000

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Pan Card has become the most important document for every financial work in today’s time. PAN is needed only in the bank or other transactions related to income tax return.

PAN card is also used for identification and financial transactions, but sometimes people make one or more PAN cards by mistake. This time in the budget, Finance Minister Sitharaman has also made a big announcement regarding the PAN card. In Budget 2023, the Finance Minister has given a new identity to the PAN card. He has said that now the use of PAN card will be common for all. Now you can use PAN card as a Common Identifier. Along with this, any business can also be started with PAN card only.

In such a situation, it is very important that your PAN card remains active. For this, PAN card holders are advised to link their Permanent Account Number (PAN) with Aadhaar card number by June 30, 2023. If you do not link your PAN with Aadhaar before this deadline, then your PAN card can also be deactivated. Along with this, you will also have to pay Rs 1,000 for linking PAN with Aadhaar.

These PAN card holders will have to pay Rs 10,000.

Further, if the person presents a PAN card, which is no longer valid, then under section 272N of the Income Tax Act 1961, the Assessing Officer may direct that such person pay Rs 10,000 as penalty. Will pay an amount of Rs.

Jail can also happen for these reasons.

Many times people make one or more PAN cards by mistake. Although these PAN cards are made only on the basis of correct identity and details, but before 2016 the Income Tax Department had received many complaints. In these complaints, it was revealed that he had more than two PAN cards.

This is how you can get the link online

First of all go to the website of Income Tax.
Enter the name, PAN number and Aadhaar number as given in the Aadhaar card.
Tick the square if only the year of birth is given in the Aadhaar card.
Now enter the captcha code.
Now click on the Link Aadhaar button,
your PAN will be linked to Aadhaar.

This is how you can link through SMS,

you have to type UIDPAN on your phone. After this, write the 12 digit Aadhaar number. Then write the 10 digit PAN number. Now send the message mentioned in step 1 to 567678 or 56161.

How To Activate Inactive PAN An inactive PAN card can be activated. For this you have to do an SMS. You will have to go to the message box and enter the 10-digit PAN number from your registered mobile, then enter the 12-digit Aadhaar number by giving a space and send an SMS to 567678 or 56161.

India announces new deadline to link Aadhaar-PAN card.

admin — Thu, 30 Mar 2023 04:10:00 +0000

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Previously, the final date to link the two official records was listed as March 31

The central government of India on Tuesday announced the extension of last date to link the Permanent Account Number (PAN) with Aadhaar. According to a statement posted by the Income Tax department, the date has been extended till June 30, 2023. Previously, the final date to link the two official records was March 31.

The decision was taken to provide some more time to the taxpayers for linking the two essential documents, whereby persons can intimate their Aadhaar to the prescribed authority for PAN-Aadhaar linking without facing repercussions. It said that notification in this regard is being issued separately.

Under the provisions of the Income-tax Act, 1961, every person who has been allotted a PAN as on July 1, 2017, and is eligible to obtain Aadhaar Number, is required to intimate his Aadhaar to the prescribed authority on payment of a prescribed fee. Failure to do so shall attract certain repercussions under the Act. The date for intimating Aadhaar to the prescribed authority to link PAN and Aadhaar has now been extended to June 30, 2023.

Penalties

According to the statement, from July 1, the PAN card of a person who has failed to link the document with Aadhaar will become inoperative, and the consequences during the period are as follows:

1. No tax refund to be allowed against such PAN cards

2. If the taxpayer links the two documents after filing the return, the Income Tax department will not pay interest on refund for the period during which the two documents were not linked

3. Both tax deducted at source (TDS) and tax collected at source (TCS) will be deducted/collected at higher rate in such case.

A person can make his/her PAN card operative again in 30 days after payment of late fees of Rs1,000.

Exemption

Those persons who have been exempted from PAN-Aadhaar linking will not be liable to the consequences mentioned above. This category includes those residing in specified States, a non-resident as per the Act, an individual who is not a citizen of India or individuals of the age of eighty years or more at any time during the previous year.

It is stated that more than 510 million PANs have already been linked with Aadhaar till date. PAN can be linked with Aadhaar by accessing the following link here .

A taxpayer will have to visit the Income Tax e-filing portal to check the status of Aadhaar-PAN linking.

PAN holders Big relief ! PAN Aadhaar link has not compulsory for these people.

admin — Wed, 22 Mar 2023 03:44:00 +0000

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How to Link PAN With Aadhaar: The central government has set March 31, 2023 as the deadline for linking PAN with Aadhaar.

Those people who have not linked PAN card with Aadhaar and they do not link PAN card with Aadhaar till the last date, then their PAN card will be of no use. Those people will not be able to use the PAN card.

Also Read : PAN Aadhaar Link Status: How To Check Online If Both Are Linked?

The central government had issued a guideline to link PAN card with Aadhaar. At the same time, the Income Tax Department had also informed the taxpayers that as per the Income Tax Act, 1961, it is mandatory for all PAN card holders, who do not fall in the exempted category, to link their PAN with Aadhaar before 31.03.2023. . On the other hand, some people have been given exemption to link Aadhaar with PAN card. Let us know who are the people who do not need to link PAN with Aadhaar.

PAN-Aadhaar link is not mandatory for these people

According to a notification issued by the Union Ministry of Finance in May 2017, certain categories of people have been exempted from linking PAN-Aadhaar. It is not mandatory for these people to link PAN with Aadhaar.

1. People living in Assam, Meghalaya and Union Territory of Jammu and Kashmir

A non-resident under the Income Tax Act, 1961

2. Persons aged 80 years or more till last year

2. Not be a citizen of India.

How to link PAN Aadhaar

1. If you are going to link PAN Aadhaar then there are some ways, by following which you can easily complete it.

2. Under the online process, you can link your PAN with Aadhaar by visiting the income tax e-filing website incometaxindiaefiling.gov.in.

3. At the same time, you can also link PAN and Aadhaar through SMS. For this, you have to send UIDPAN < SPACE > < 12 Aadhaar numbers > < SPACE > < 10 PAN numbers> format to 567678 or 56161.

4. Under the offline process, you can visit the nearest PAN Seva Kendra or Aadhaar Seva Kendra to link your PAN with Aadhaar.