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Income Tax Notice: 1000 fine will be imposed for not linking Aadhaar-PAN, these people will have to pay ₹ 10000. Check your name

The last date to link PAN with Aadhaar is 30 June 2023. If you do not link PAN with Aadhaar by this deadline, then you will have to pay a heavy fine.

New Delhi. Have you still not linked PAN with Aadhaar? If not, get it done as soon as possible. If this does not happen till this month, then you may have to face a lot of trouble. Along with this, you will also have to pay a heavy fine. The last date to link PAN with Aadhaar is 30 June 2023. If you do not link PAN with Aadhaar by this deadline, then your PAN card will become inactive.

Please tell that the Income Tax Department has also issued a notice for this. In which it has been made clear that if you have not yet linked your PAN card with Aadhaar, then you will have to pay a late fee of Rs 1000. With this, many of your works will stop. The problem of the PAN card holder will not end here, as the person will not be able to invest in mutual funds, stocks, open bank accounts, etc., where submission of the PAN card is necessary.

Who will have to pay a fine of Rs 10,000
Further, if the person produces a PAN card, which is no longer valid, then under section 272N of the Income Tax Act, 1961, the Assessing Officer may direct that such person shall pay a sum of Rs 10,000 as penalty. If a person has more than one PAN, a fine of Rs 10,000 can be imposed on a person having more than one PAN card under this section. In case of more than one PAN card, the person should surrender the second PAN card.

How to link PAN with Aadhaar

PAN card holders can link PAN with Aadhaar through both SMS and online methods. In SMS, you have to send an SMS from your registered mobile number to 567678 or 56161. Apart from this, you can link PAN with Aadhaar online by visiting the Income Tax Portal.

This is how you can link online

>> First of all go to the website of Income Tax.
>> Enter the name, PAN number and Aadhaar number given in the Aadhaar card.
>> Tick the square if only the year of birth is given in the Aadhaar card.
>> Now enter the captcha code.
>> Now click on Link Aadhaar button
>> Your PAN will be linked to Aadhaar.

How to activate inactive pan

Inactive PAN card can be activated. For this you have to do an SMS. You will have to go to the message box and enter the 10-digit PAN number from your registered mobile, then enter the 12-digit Aadhaar number by giving a space and send an SMS to 567678 or 56161.

Parvesh Maurya
Parvesh Maurya
Parvesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ informalnewz@gmail.com
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