If a deductor has deducted TDS at a lower rate due to unawareness of the new PAN-Aadhaar linking rule, it is crucial to rectify the situation. The deductor should immediately comply with the requirement and start deducting TDS at the higher rate of 20% for deductees whose PAN is not linked with Aadhaar.

No, there is no penalty for linking your PAN with Aadhaar, but you may face a higher TDS/TCS deduction if you fail to link your PAN with Aadhaar by May 31st, 2024.

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'.

The Government of India had made it mandatory for all individuals to link PAN card with Aadhaar card before the deadline (i.e. 30th June 2023). In case you have failed to link your PAN and Aadhaar before 1st July 2023, you will be unable to use your PAN card, get pending refunds and interest on such refunds, etc.

The Indian government and the Central Board of Direct Taxes (CBDT) have set May 31st, 2024, as the last date to link PAN with Aadhaar.

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 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.

PAN Aadhaar Link - How to Link Aadhaar Number With PAN Card Online After Deadline? The last date for linking Aadhaar with PAN was 30th June 2023. 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.

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Yes, you can link your PAN card with an Aadhaar card after June 30. 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.Initially set for March 31, 2022, the deadline was extended to March 31, 2023. It has now been revised to June 30, 2023. 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. This article helps you navigate the process of linking your PAN with Aadhaar, to help you ensure compliance with Indian financial laws. PAN holders who link PANAadhaar between 1st July 2022 to 30th June 2023 must pay a penalty of Rs.1,000. 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. After payment of aadhar pan card linking you have to visit income tax site and go on aadhar pan link option and entered your pan and aadhar card detail.

Time Extension For Pan Aadhaar Link In Ohio

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How much TDS is deducted if PAN is not linked with Aadhaar?

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