Income Tax Department’s notice has come, fine of 1000 will be imposed for not linking Aadhaar-PAN, these people will have to pay ₹ 10000

The last date to link PAN with Aadhaar is 30 June 2023. If you have not linked PAN with Aadhaar by this deadline, then you will have to pay a heavy …

Have you still not linked PAN with Aadhaar? If not, get it done as soon as possible. If this does not happen till this month, then you may have to face a lot of trouble. Along with this, you will also have to pay a heavy fine. The last date to link PAN with Aadhaar is 30 June 2023. If you do not link PAN with Aadhaar by this deadline, then your PAN card will become inactive.

Please tell that the Income Tax Department has also issued a notice for this. In which it has been made clear that if you have not yet linked your PAN card with Aadhaar, then you will have to pay a late fee of Rs 1000. With this, many of your works will stop. The problems of the PAN card holder will not end here, as the person will not be able to invest in mutual funds, stocks, open bank accounts, etc., where submission of the PAN card is required.

Who will have to pay Rs 10,000 penalty

. Further, if the person produces a PAN card, which is no longer valid, then under section 272N of the Income Tax Act, 1961, the Assessing Officer may direct that such person pay Rs 10,000 as penalty. Will pay the amount of Rs. If a person has more than one PAN, a fine of Rs 10,000 can be imposed on a person having more than one PAN card under this section. In case of more than one PAN card, the person should surrender the second PAN card.

Link PAN with Aadhaar in this way

PAN card holders can link PAN with Aadhaar through both SMS and online methods. In SMS, you have to send an SMS from your registered mobile number to 567678 or 56161. Apart from this, you can link PAN with Aadhaar online by visiting the Income Tax Portal.