Deadline to link Aadhaar with PAN extended to 31 March 2023

Now, taxpayers will be required to pay a fee of Rs. 500 up to three months from 1 April 2022 and a fee of Rs. 1,000 after that when linking their Aadhaar.

By Newsmeter Network  Published on  31 March 2022 10:46 AM GMT
Deadline to link Aadhaar with PAN extended to 31 March 2023

Hyderabad: The deadline to link Aadhaar with PAN has been extended by a year to 31 March 2023.

Now, taxpayers will be required to pay a fee of Rs. 500 up to three months from 1 April 2022 and a fee of Rs. 1,000 after that when linking their Aadhaar.

Under the provisions of the Income Tax Act 1961, every person who has been allotted a PAN as on 1 July 2017 and is eligible to obtain an Aadhaar number is required to link his Aadhaar to the prescribed authority on or before 31 March 2022. On failure to do so, his PAN shall become inoperative and all procedures in which PAN is required shall be halted. The PAN can be made operative again upon intimation of Aadhaar to the prescribed authority after the payment of a prescribed fee.

After 31 March 2023, the PAN of taxpayers who fail to link their Aadhaar, as required, shall become inoperative and all the consequences under the Act for not furnishing, intimating, or quoting the PAN shall apply to such taxpayers.

Next Story
Share it