If you haven’t link PAN Adhar yet, you can do it online. Review the actions listed below. The CBDT has regularly reminded taxpayers that if they don’t link PAN Aadhar by April 1, 2023, their PAN will be subject to all penalties under the Income Tax Act for failing to give, notify, or mention their PAN.
If your PAN expires
you won’t be able to conduct financial transactions (like those involving mutual funds), and you’ll also be charged a fine under section 272B and be liable to increased TDS rates.
The Income Tax Department previously warned that
failing to link PAN Aadhar by March 31 could result in a fine of up to Rs 1,000; however, such a PAN would still be useful for one more year, until March 2023, for the purposes of filing ITRs, claiming refunds, and other I-T procedures.
Many holders of PAN cards are
interested to hear whether the Tax Body will extend the Pan Adhar link deadline further this time or not, given that the CBDT has previously extended it on a number of occasions.
SAG Infotech’s MD, Amit Gupta, told
“Despite the necessity of this requirement, the administration has previously repeatedly pushed back the date for PAN-Aadhaar linking. The latest letter from the income tax division was thorough and greatly raised awareness of the need to link Pan Adhar. It seems unlikely to me that the deadline for link PAN Aadhaar will be extended in the future.”
If you suspect that your PAN and Aadhaar are already connected, you can check this direct link to find out the current situation.
If you haven’t link Pan Aadhar card to your PAN yet, you can do it online.
1. Taxpayers must sign up for an account on the Income Tax e-Filing website before linking their PAN and Aadhaar cards.
2. Enter your log-in ID, password, and birthdate to access the Income Tax Department’s e-Filing portal.
3. In addition to entering the information, you must enter a code.
4. After logging in, a pop-up window asking you to link PAN Aadhaar card will appear.
5. If not, select the “Link Aadhaar” button under Profile settings.
6. Enter the necessary information, including the name, birthdate, and gender. You will have already stated it when registering on the e-Filing portal.
7. Compare the details displayed on the screen to those on your Aadhar card.
8. Enter your Aadhar card number and press the “connect now” button if the information matches.
9. You will be informed that your PAN card and Aadhaar card have been successfully linked.
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