The deadline for making the Permanent Account Number (PAN) active without linking it with the Aadhar card has been extended till March next year. However, the Income Tax Department has said that penalty will be levied for not linking PAN with Aadhaar by March 31 this year. 1,000 depending on the timeline.
Users will have to pay fine 500 if their PAN is not linked with Aadhaar for the first three months of the current financial year. will be fined later 1,000.
According to the latest available data, more than 43.34 crore PANs have been linked with Aadhaar till January 24, 2022. PAN-Aadhaar linkage will help in eliminating duplicate PAN and curb tax evasion.
If you haven’t linked your PAN with Aadhaar, here’s how to do it.
Step 1- Visit the official website of Income Tax India www.incometax.gov.in.
Step 2- Select Link Aadhaar option under Quick link section and you will be redirected to a new window
Step 3- Enter your PAN number details, Aadhar card details, name and mobile number
Step 4 – After verifying the information, select the option ‘I validate my Aadhaar details’. After that, select the ‘Continue’ option.
Step 5- You will receive a One Time Password (OTP) on your registered mobile number. Fill in the blanks on the screen, then click ‘Validate’. After paying the fine, your PAN and Aadhaar will be linked.
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