Zoom News : Jun 27, 2022, 07:49 AM
PAN-Aadhaar Link Process: You have only 3 days left to link Aadhaar with PAN, that is, if you do not do this work by June 30, then you will have to suffer a big loss. Because, the last date to link Aadhar card with PAN card with lesser penalty is 30 June 2022. If you link on or before June 30, then you will have to pay a fine of only Rs 500, else if you link PAN-Aadhaar on or after July 1, then you will have to pay Rs 1000 for it.
Employment started increasing due to increase in economic activities, record increase of 12 million in EPF subscribersThese disadvantages will happen if you do not linkIf you do not link your PAN with Aadhaar number, then your PAN card may become inoperative.If the PAN card is inactive, you will not be able to invest in mutual funds, stocks, and along with this, there will be a problem in opening a bank account.If you present an invalid PAN card, then you may have to pay an amount of 10 thousand rupees as penalty under section 272B of the Income Tax Act 1961.How to link PAN with AadhaarFirst you have to log on to the official website of Income Tax India http://www.incometax.gov.in.Select the Link Aadhaar option under the Quick Links section. You will be redirected to a new window.Now enter your PAN Number Details, Aadhar Card Details, Name and Mobile Number.After this select the option 'I validate my Aadhaar details' and select 'Continue' option.You will receive a one-time password (OTP) on your registered mobile number. Fill it and click on 'Validate'. After paying the fine, your PAN and Aadhaar will be linked.Opportunity till 31st March 2023According to the Central Board of Direct Taxes (CBDT), those who do not link Aadhaar-PAN as per Section 234H of the Income Tax Act, will have one more chance with fine till March 31, 2023. A fine of Rs 500 will have to be paid from April 1 to June 30, 2022. After this, a late fee of Rs 1000 will have to be paid for PAN-Aadhaar linking by March 31, 2023.
Employment started increasing due to increase in economic activities, record increase of 12 million in EPF subscribersThese disadvantages will happen if you do not linkIf you do not link your PAN with Aadhaar number, then your PAN card may become inoperative.If the PAN card is inactive, you will not be able to invest in mutual funds, stocks, and along with this, there will be a problem in opening a bank account.If you present an invalid PAN card, then you may have to pay an amount of 10 thousand rupees as penalty under section 272B of the Income Tax Act 1961.How to link PAN with AadhaarFirst you have to log on to the official website of Income Tax India http://www.incometax.gov.in.Select the Link Aadhaar option under the Quick Links section. You will be redirected to a new window.Now enter your PAN Number Details, Aadhar Card Details, Name and Mobile Number.After this select the option 'I validate my Aadhaar details' and select 'Continue' option.You will receive a one-time password (OTP) on your registered mobile number. Fill it and click on 'Validate'. After paying the fine, your PAN and Aadhaar will be linked.Opportunity till 31st March 2023According to the Central Board of Direct Taxes (CBDT), those who do not link Aadhaar-PAN as per Section 234H of the Income Tax Act, will have one more chance with fine till March 31, 2023. A fine of Rs 500 will have to be paid from April 1 to June 30, 2022. After this, a late fee of Rs 1000 will have to be paid for PAN-Aadhaar linking by March 31, 2023.