10000 fine on Pan Card, get Aadhar linked soon, this is the last date The Central Board of Direct Taxes (CBDT) has fixed the Permanent Account Number (PAN) and the last date for Aadhaar linking on 31 March 2021. If you did not do this by 31 March, your PAN card may become worthless.
PAN card can be used as an identity card while opening an account with a bank, getting a passport, traveling with an e-ticket in a train. PAN card is used to collect and withdraw TDS (tax deduction at source). PAN card is required to open a demat account for the purchase and sale of shares. The Income Tax Department has made it mandatory to link all PAN cards with Aadhaar. So if you have not yet linked your PAN card to Aadhaar, then get alerted. If you did not link till 31 March, your PAN card is useless Explain that the Central Board of Direct Taxes (CBDT) has fixed the permanent account number (PAN) and the last date for Aadhaar linking, 31 March 2021. If you did not do this by 31 March, your PAN card may become worthless. All PAN card holders should check the status and link it to Aadhaar at the earliest.
Find out if your PAN card is linked to Aadhaar or not. You have to go to the Income Tax Department website where you can do such checks. First of all, visit the official website of the Income Tax Department www.incometaxindiaefiling.gov.in. – Click here on the link base of the quick link option written on the left. – There will be a hyperlink on the top of the newly opened page, where the application of the Aadhaar link will already be known. Clicking on this hyperlink, you will have to fill the details of PAN and Aadhaar. -After this click on View link base status. You will get to know whether you have Aadhaar and PAN link or not.
Next task you will also have to see whether the Aadhaar card is linked to the PAN card or not, if it is not linked then see here how to link Aadhaar card. Via SMS Type the IDPN in the capital letter in your phone, then write the Aadhaar number and PAN number by giving space. Send this message to 567678 or 56161. After this, the Income Tax Department will start the process of linking both the documents. If you want to link online PAN card to Aadhaar, then- Online is also an easy way Click on the link in the Quick link option on the left side on the official website of the Income Tax Department. -If your account is not created then register first. Here you have to fill PAN, Aadhaar number and name, whose OTP will come on the respective mobile number. After filling OTP, your Aadhaar and PAN will be linked. In the next slide, you know how much penalty you have to pay.
Penalty is given for providing incorrect information related to PAN card Under Section 272B of the Income Tax Act 1961, there is also a provision for a fine of Rs 10,000 for using an inoperative PAN card. Tax and investment expert Balwant Jain had said that there is a provision for a fine of Rs 10,000 for giving incorrect information related to PAN card. Also, in such transactions, in which it is mandatory to fill the information related to the PAN card, you may be fined for not providing the PAN card details there. It is necessary for every citizen to link PAN and Aadhaar Earlier the Income Tax Department had said that the PAN card without Aadhaar can be canceled from next year. Also, such taxpayers will not be able to file ITR as well. Under Section 139AA of the Income Tax Act, it is necessary for every citizen filing ITR to link PAN and Aadhaar. If both documents are not linked, then tax refunds of taxpayers may also get stuck.
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