PAN Aadhaar Link: You may be fined Rs 10,000 for carrying inoperative PAN Card
PAN Aadhaar Link: Last date for Aadhaar PAN link is fast approaching as the Income Tax Department has set 31st March 2021 last date to do that.
PAN Aadhaar Link: Last date for Aadhaar PAN link is fast approaching as the Income Tax Department has set 31st March 2021 last date to do that. Failing to do PAN Aadhaar Linking will lead to one's PAN card becoming inoperative provided there is no extension in the Aadhaar PAN Linking deadline set by the Income Tax Department.
Income Tax Department on inoperative PAN card
The income tax department has said that inoperative PAN card holders will have to face consequences under the Income Tax Act for not furnishing PAN. In other words, such PAN card holders will not only be treated as non-PAN card holders but may also be fined Rs 10,000 under Section 272B of the Income Tax Act. Photo: Reuters
PAN Aadhaar Linking Last Date
As per the Income Tax Department communication, 31st March 2021 is Aadhaar PAN Link last date. Failing to which one's PAN card will become inoperative. Photo: PTI
PAN Card: Consequence of inoperative Permanent Account Number
Let's understand the consequence when one's PAN is not linked with Aadhaar number. If you go to a bank and try to open an account or deposit/withdraw cash above Rs 50,000 you need to give your PAN card. If you give a wrong or inoperative PAN then you could be fined Rs 10,000. Under the provisions, a penalty could be imposed for every such non-compliance. Photo: Reuters
Life Without PAN Card
Having a PAN card is mandatory for several purposes like opening a bank account, buying mutual funds or shares and even making cash transactions of over Rs 50,000. However, all such inoperative PAN cards will become operative as and when the PAN card holder carries out PAN Aadhaar linking. One can do this through an SMS. Photo: UIDAI Twitter
PAN Aadhaar link online
For Aadhaar PAN linking through an SMS, one needs to send an SMS at 567678 or 56161. Format of the SMS is 'UIDAIPAN(12digit Aadhaar number) space (10 digit PAN Number).' Means if someone has an Aadhaar Card number ABCDXXXXXXXXXX and PAN Card number ABCXXXXXXX then the format of the SMS will be "UIDAIPANABCDXXXXXXXXXX ABCXXXXXXX". Photo: Income Tax website
PAN Aadhaar Link status check online
However, there are people who have done the PAN Aadhaar Linking but they need to check whether their PAN is seeded with Aadhaar number or not. For that they need to click at the direct link of the Income Tax Department website — incometaxindiaefiling.gov.in/aadhaarstatus. Enter PAN and Aadhaar number and go to the 'View Link Aadhaar Status.' Their PAN Aadhaar Link Status will get displayed on the computer monitor. Photo: PTI