Steps to pay a nice of Rs 1,000 for linking Aadhaar with PAN

By anshuli IST (Up to date)


The Earnings Tax Division has mentioned that non-linking of PAN with Aadhaar by March 31 will appeal to a penalty of as much as Rs 1,000. Listed below are the steps to attach the 2

Underneath the prevailing guidelines, it’s necessary to hyperlink your Everlasting Account Quantity (PAN) and Aadhaar quantity. In keeping with the Central Board of Direct Taxes (CBDT), in the event you fail to hyperlink the 2, their PAN playing cards could change into ‘inoperative’. Because of this, you will be unable to do monetary transactions.

Whereas the deadline for linking the 2 with none penalty has expired, you possibly can nonetheless achieve this by paying a nice of Rs 1,000.

This may be finished by paying the quantity on Nationwide Securities Depository Restricted (NSDL) portal underneath challan quantity ITNS 280 with Main Head 0021 (Earnings Tax apart from Corporations) and Minor Head 500 (Different Receipts).

Right here is the step-by-step course of to pay PAN-Aadhaar linking late price:

step 1: To hyperlink the 2, go to the official e-filing web site of the Earnings Tax (IT) Division. When it asks for cost, click on on the hyperlink and you’ll be redirected to NSDL web site.

step 2: Underneath Obtainable Choices, proceed underneath Challan No. ITNS 280 to submit PAN-Aadhaar hyperlink request

step 3: From there choose the relevant tax. Cost needs to be made in the identical challan underneath Main Head 0021 (Earnings Tax apart from Corporations) and Minor Head 500 (Different Receipts)

step 4: Choose the popular cost mode and enter the main points

Step 6: Enter PAN, Tackle and Evaluation Yr

Step 7: Enter captcha and make cost

It could take a while for this cost to look on the Earnings Tax e-filing portal. So, if you wish to hyperlink PAN with Aadhaar then wait a number of days after making the cost.

As soon as confirmed, you possibly can log in to the Earnings Tax portal, enter all the main points (title, date of delivery, handle, PAN and Aadhaar quantity) and proceed with the linking.

Listed below are the companies that can be affected in case PAN will not be linked with Aadhaar:

ITR return won’t be processed

Checking account financial savings can be affected

This may make the KYC of a person incomplete as PAN card is without doubt one of the paperwork required to finish the KYC. This, in flip, will have an effect on the financial savings in a single’s checking account.

Moreover, if the person earns curiosity on financial savings of greater than Rs 10,000, the tax deducted at supply (TDS) price can be 20 per cent because the TDS levied on a checking account with out a PAN card is doubled.

Supply hyperlink