What will happen if I don't link my PAN with Aadhar?

If you haven't linked your PAN with Aadhaar till now, your PAN is now considered inoperative. This means you won't be able to use your inoperative PAN in situations where it's necessary to provide one.

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Time Extension For Pan Aadhaar Link In Alameda

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FAQ

If you haven't linked your PAN with Aadhaar till now, your PAN is now considered inoperative. This means you won't be able to use your inoperative PAN in situations where it's necessary to provide one.

PAN will become inoperative from 1st July 2023 if it is not linked with Aadhaar. However, you can still link your PAN with Aadhaar by paying a penalty of Rs.1,000. The Income Tax Department has issued a reminder to taxpayers to link their PAN with Aadhaar by 31st May 2024 if they have not yet linked them.

The IT department issued a circular that it is mandatory for all PAN-holders (except those who fall under the exempt category) to link their PAN-Aadhaar within 30th June 2023. Initially, the IT department mandated to link PAN-Aadhaar by 31st March 2022 and then extended it to 30th June 2022.

If the seller's PAN is unavailable or inoperative (not linked to Aadhaar), the TDS rate for the buyer shoots up to 20%.

It usually takes 6-7 business days to link your PAN with Aadhaar after the process is started. The Income Tax Portal verifies your details and once confirmed, the linking is completed. To check the status of your PAN-Aadhaar linking: Click on the button below, 'Check linking status'.

Subsequently, the IT department extended the last date to link PAN-Aadhaar to 30th June 2023.

If PAN is not linked with Aadhaar by the deadline, the PAN card becomes inoperative. This means that: No refunds will be made against such PANs. TDS (Tax Deduction at Source) and TCS (Tax Collection at Source) will be deducted/collected at a higher rate.

If the PAN-Aadhaar linking is not done within 30th June 2023, the PAN card will become inoperative from 1st July 2023. However, if they are not linked and your PAN card is inoperative, you can still link it with your Aadhaar after paying the penalty of Rs.1,000 and activate your PAN card.

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The last date of linking PAN with Aadhaar has been extended to June 30, 2023, the Central Board of Direct Taxes (CBDT) said in a notification on March 28, 2023. Previously, the deadline for linking PAN and Aadhaar was set for the end of March, but it has now been extended to June 30, 2023.Last date to link PAN with Aadhaar has been extended to June 30th, 2023. Know who is eligible to link PAN-Aadhaar and other details. There have been numerous reports circulating online regarding the deadline for linking PAN with Aadhaar, which is set for December 31, 2024. The Clerk may determine whether a filer has complied with established policy and procedure authorizing an extension of time. 8. PAN Aadhaar linking last date has been extended to June 30, 2023, to provide some more time to taxpayers. The earlier deadline was March 31, 2023.

Time Extension For Pan Aadhaar Link In Alameda

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What will happen if I don't link my PAN with Aadhar?

Can I link Aadhaar with PAN in 2024?

What is the last date for linking PAN-Aadhaar extended?

What is the TDS rate if PAN and Aadhaar are not linked?

How much time it takes to link PAN with Aadhaar online?

Is there any chance to extend PAN Aadhaar link?

What happens if I don't link my Aadhaar card with PAN?

What is the penalty for late linking PAN with Aadhaar?

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