Aadhaar Card and PAN Card Link: If you do not hyperlink your Aadhaar card and PAN card by means of March 31, 2022, your PAN card will expire, in keeping with the Income Tax Department. Your PAN card will live merely a chunk of plastic if it is inactive, which certainly means that you won’t be able to use it anywhere. Recently, the Income Tax Department tweeted approximately this as properly.
Ccording to the Income Tax Act of 1961, the final date for connecting is today, the Income Tax Department said in a tweet, “As in keeping with Income-tax Act, 1961, the final date for linking PAN with Aadhaar is 31.Three.2023, for all PAN holders who do no longer fall beneath the exempt class, failing which the unlinked PAN shall come to be inoperative. Don’t put off, hyperlink these days!”
CBDT circular:
Every person who has been assigned a PAN as of July 1, 2017, and who become qualified to acquire an Aadhaar number, ought to hyperlink their PAN with their Aadhaar on or before March 31, 2022, according to CBDT’s circular F. No. 370142/14/22-TPL issued March 30, 2022. Linking is obligatory. Taxpayers who choose not to hyperlink their PAN and Aadhaar could be required to pay a charge of Rs 500. Additionally, from June 30, 2022, folks that hyperlink their Aadhaar card with a PAN have to pay a charge of Rs a thousand.
1000 rupees fee to be paid:
If you haven’t linked your Aadhaar card in your PAN card yet and achieve this after receiving the round from the Income Tax Department, you will be required to pay a cost of Rs a thousand. Furthermore, if you do not link your Aadhaar and PAN through March 31, 2023, your PAN card will expire and can be of no post-expiry.