Deadline for linking PAN with Aadhar extended till June 30
In order to provide some more time to taxpayers, the date for linking PAN with Aadhaar has been extended to June 30. The earlier deadline was March 31. According to a notification issued by the Income Tax Department, till June 30, people can intimate their Aadhaar to the prescribed authority for PAN-Aadhaar linking without facing repercussions.
However, from July 1, the unlinked PAN will become inoperative with consequences. The PAN, though can be made operative again in 30 days upon intimation of Aadhaar to the prescribed authority after payment of a Rs 1,000 fee.
No refund will be made against inoperative PANs; also, interest shall not be payable on such refund for the period during which PAN remains inoperative, and TDS and TCS shall be deducted at a higher rate.
Aadhaar-PAN linking is not mandatory for these people
The mandatory linking of Aadhaar with PAN does not apply to four categories
- Residents of the states of Assam, Jammu and Kashmir, and Meghalaya
- Non-resident Indians (NRIs) as per the Income-tax Act, 1961
- Anyone who was of the age 80 years or more at any time during the previous year
- Individuals who are not a citizen of India
Read More News :