The final date for linking PAN-Aadhaar is March 31; What occurs should you do not hyperlink these paperwork


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Revealed: Tuesday, March 15, 2022, 17:08 [IST]

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New Delhi, March 15: The final date to hyperlink your PAN (Everlasting Account Quantity) card together with your Aadhaar card is March 31, 2022. If in case you have not appreciated each the playing cards earlier than March 31, be ready to pay a nice of Rs 10,000.

The federal government launched an modification within the Finance Invoice, 2021, beneath which an individual must pay a late payment of as much as Rs 1,000 for not linking PAN card with Aadhaar card.

The last date for linking PAN-Aadhaar is March 31;  What happens if you don't link these documents

A nice of Rs 1,000 could be along with different penalties that the individual must face if the PAN turns into inoperative.

Should you miss the deadline to hyperlink the 2, additionally, you will be accountable for all penalties beneath the IT Act for not furnishing, notifying or quoting PAN, together with paying larger earnings tax is included.

Should you miss the deadline to hyperlink the 2, additionally, you will be accountable for all penalties beneath the IT Act for not furnishing, notifying or quoting PAN, together with paying larger earnings tax is included.

Additional, as per the foundations, any one who quotes a canceled or inoperative PAN is liable to pay a nice of as much as Rs 10,000 beneath part 272B of the Revenue Tax Act.

Whereas Aadhaar is issued by UIDAI to a resident, PAN is a 10-digit alphanumeric quantity allotted by the tax division to a person, agency or entity. The identical data is required to acquire a brand new PAN.

As per the information, greater than 120 crore Aadhaar numbers have been issued within the nation and round 41 crore PAN numbers have been created. Of those, greater than 22 crore PANs are linked with Aadhaar.

Story First revealed: Tuesday, March 15, 2022, 17:08 [IST]



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