Aadhaar-PAN Linking: The last date for linking PAN-Aadhaar has finally increased. The government has given three more months to the public to link these two documents .
Earlier its deadline was ending on March 31, 2023. Now in today’s latest update, this deadline (aadhaar pan linking deadline) has been increased to June 30, 2023. However, the condition of penalty is applicable for this period also. You will have to pay a fine of Rs 1,000 for linking PAN-Aadhaar. But there are some people in the country who do not need to link PAN-Aadhaar card at all. Whether the deadline increases or not, they should not worry at all.
Who does not need to link PAN-Aadhaar card
According to section 139AA of the Income Tax Act, every person in the country who was allotted a Permanent Account Number i.e. PAN on July 1, 2017 and who is also eligible to get an Aadhaar number, is required to link Aadhaar card with PAN card. Will give information about Aadhaar number. In other words, such persons will have to mandatorily link their Aadhaar and PAN with late fee payment by 30.06.2023. But there are some people who are exempted from this requirement.
Aadhaar-PAN linking is not required for those who:
live in Assam, Jammu and Kashmir and Meghalaya;
is a non-resident as per the Income Tax Act, 1961;
has been of the age of eighty years or more at any time during the previous year; or
are not citizens of India.
What will happen if Aadhaar is not linked?
According to the Income Tax Act, 1961, those PAN cardholders who do not come under the exemption category, if they do not link their PAN with Aadhaar by June 30, 2023, their PAN card will become inactive from April 1, 2023.
(i) He will not be able to file ITR using his inactive PAN.
(ii) Pending returns cannot be processed.
(iii) Refunds which are also pending will not be issued on this PAN. Pending processing cannot be completed once the PAN becomes inactive.
(iv) If PAN has become inactive then tax will also be deducted at higher rate.
