1. What is the prescribed due date for lining Aadhaar with PAN?
The extended due is 31-Mar-2022
2. What is mean by Aadhaar-PAN Linking? Who do so?
Whoever has Permanent Account Number (PAN) and who had also obtained or who are eligible to obtain Aadhaar number and link his/her Aadhaar number with his/her PAN.
3. Is there any exemption from linking?
Yes, The following categories of persons are exempted from linking.
a. an individual who does not possess the Aadhaar number or the Enrolment ID
b. residing in the States of Assam, Jammu and Kashmir and Meghalaya;
c. a non-resident as per the Income-tax Act, 1961;
d. of the age of eighty years or more at any time during the previous year;
e. not a citizen of India.
4.How to link Aadhaar-PAN?
One can use https://eportal.incometax.gov.in/iec/foservices/#/pre-login/bl-link-aadhaar in www.incometax.gov.in portal to link or log in to his income-tax portal to his profile page to link the same.
Note: There may be some mismatches of name and date of birth between Aadhaar and PAN which needs to be addressed early to complete the linking otherwise, it will not allow your link.
5. Consequences of non-linking of Aadhaar with PAN?
- PAN becomes inoperative until linking Aadhaar
- Under Income-tax law, PAN holders are required to submit PAN in various occasions failure to do so render penal consequences. Those submitted PAN treated as PAN not submitted consequently penalty can be imposed.
- The period between the last date for linking and actual date of linking after due date (or extended due date) wherever PAN submitted as per Income-tax provisions shall be deemed that PAN not submitted.
- If linked after the due date, PAN becomes operative from the date of linking and NOT from the due date.
6. Is there any penalty to be paid for non-linking Aadhaar with PAN on or before 31.03.2022?
Yes. If not linked so, Rs.1,000, payable after such due date or extended due date at the time of linking {Sec 234H}
7. What are the situations in which PAN to be quoted or mentioned under Income-tax Act as of now?
Please refer separate blog post in this regard
8. What are the Consequences of non-submission of PAN prescribed under Income -tax Act?
Please refer separate blog post in this regard
Comments (0)
No comments posted