PAN-Aadhaar Linking Deadline Approaching: Key Information You Must Know.

Rajesh
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As the deadline for linking PAN and Aadhaar approaches, it is crucial to understand the requirements and consequences of non-compliance. The Income Tax Act mandates the linking of PAN and Aadhaar, and failure to do so before the deadline can lead to various penalties and inconveniences. In this article, we will provide you with important details about PAN-Aadhaar linking and guide you through the process. Ensure you complete the linking procedure promptly to avoid any complications. 

Aadhar pan link


1. Linking PAN and Aadhaar:

The deadline for linking PAN and Aadhaar is June 30. After this date, PAN cards that are not linked to Aadhaar will be considered invalid. To avoid any penalties, it is essential to complete the PAN-Aadhaar linking process by this cutoff date. 

2. Penalties for Late Linking:

If you link your PAN to your Aadhaar card before June 30, 2022, a penalty of Rs. 500 will be charged. However, if you complete the PAN-Aadhaar link on or after July 1, 2022, the penalty will increase to Rs. 1,000. Please note that these penalties have now been disassembled into their constituent parts.

 3. Consequences of Non-Compliance:

Failure to link your Aadhaar with PAN by the deadline will result in the deactivation of your PAN card. This can lead to several complications, including:

 - Ineligibility for pending income tax refunds and interest on such refunds.

- Higher TDS deductions.

- Higher TCS collection in case of unlinked PAN. 

4. Eligibility Criteria:

Certain individuals are exempt from the PAN-Aadhaar linking requirement. This includes individuals residing in specific states, non-residents as defined by the Act, non-citizens of India, and individuals aged eighty years or older during the previous year. If you fall under any of these categories, you are not required to link your Aadhaar with PAN. However, the Income Tax department advises individuals in these categories to link their Aadhaar with PAN voluntarily. 

5. Linking Process:

To link your PAN and Aadhaar, follow these steps: 

a. Visit the income tax filing portal at https://www.incometax.gov.in/iec/foportal/.

b. Select the "Link Aadhaar" option located under the "Quick Links" section.

c. Follow the on-screen instructions to complete the linking process. 

6. Deadline Extension:

The Income Tax Department has previously extended the deadline for Aadhaar-PAN linking. However, no further extensions are expected this time. It is crucial to act promptly and complete the linking process as soon as possible. 

Conclusion:

As the PAN-Aadhaar linking deadline approaches, it is essential to understand the significance of this requirement. Failure to link PAN and Aadhaar can lead to penalties, deactivation of your PAN card, and other inconveniences. Make sure to link your PAN and Aadhaar before June 30 to avoid any complications. Follow the provided steps to complete the linking process on the income tax filing portal. Act now and secure a seamless financial future.

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