Pan cardholder alert! Do this job now, otherwise you may have to pay a fine of up to Rs 10,000



New Delhi: Do you have a permanent account number or a PAN card? If yes, you should now link your PAN card to Aadhar card by March 31, 2022. If you fail to link the two most important official documents in India by March 31, you may need to pay a fine. But not only that, failing to bind the PAN card to your Aadhar card will also result in a dormant PAN from April 1, 2022. (Pan card update)

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The link period of the PAN board with the Aadhar board has been extended

The deadline for linking the PAN card to the Aadhar card has been extended by the Income Tax Department not once, not twice, but four times. The first deadline set by the ministry was May 31, 2021, which was extended until August 31, 2021. From the end of August, the deadline was moved to November 31, then to December 21, 2021. Finally, the Service des Income Taxes has set the deadline for linking Aadhar card to PAN card is March 31, 2022. The central government has made it compulsory for every eligible PAN cardholder to link Aadhaar to Aadhaar in accordance with Section 139AA of the Income tax law from July 1, 2017. Failure to link the two documents may result in criminal prosecution.

Non-payment of a fine of up to Rs 10,000 (update of the pan card)

The Central Commission for Direct Taxes (CBDT) had previously notified rule 114AAA which set out the terms and consequences of deactivating the PAN. According to the rules, if the PAN of a holder becomes inoperative, he will be deemed not to have provided, informed or cited the PAN, as the case may be, and will not be responsible for all the consequences provided for by law. Furnish, provide information or quote PAN. However, the individual can later reactivate his PAN by intimidating his Aadhaar in service. In addition, in accordance with Article 272B of the Income Tax Law, a person may incur a fine of up to Rs 10,000 each time he does not submit his operational PAN card to benefit from services. requiring official documents. (update of the panoramic map)



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