1Bhk in kalyan: PAN-Aadhaar: The deadline to link PAN with Aadhaar was previously set for March 31, 2023, however the Income Tax (I-T) department extended it to June 30, 2023 on March 28, 2023. Only after paying a Rs 1,000 late fee will the linkage be enabled, according to the department.

The deadline for linking PAN and Aadhaar has been extended to June 30, 2023 in order to give taxpayers more time. As a result, people can inform the required authority of their Aadhaar for Aadhaar-PAN linking without suffering consequences, according to a statement from the Central Board of Direct Taxes (CBDT) on March 28, 2023.

Every person who has been assign a PAN as of July 1, 2017, and who is qualify to receive an Aadhaar, is oblige to inform the prescribe authority of his Aadhaar on or before June 30, 2023, in accordance with the requirements of the Income Tax Act, 1961, upon payment of the prescribe price. More than 50 crore PANs have already been connect to Aadhaar.

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1Bhk in kalyan: PAN-Aadhaar

Taxpayers’ PANs that aren’t link to their Aadhaar will stop working as of July 1, 2023. This will prevent them from claiming an income tax refund, prevent them from receiving interest on the refund amount for the time that their PAN is invalid, and force them to pay TDS and TCS at a higher rate. After integrating with Aadhaar, PAN can become operational once more in just 30 days.

For these individuals, linking Aadhaar and PAN is not require.

There are four groups to which the requirement to link Aadhaar and PAN does not apply.

1) Citizens of Assam, Jammu and Kashmir, and Meghalaya.

2) NRIs, as defined by the Income-tax Act of 1961.

3) Any person who was 80 years of age or older at any point in the previous year.

4) Those who are not Indian citizens.

Individuals who fit into one of the aforementioned categories are exempt from the requirement to link their PAN and Aadhaar before the deadline. Yet, users are free to voluntarily link the two documents if they so choose. By the deadline of June 30, all other people must link their Aadhaar with their PAN.

 

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