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Time Extension For Pan Aadhaar Link In Fulton
Category:
State:
Multi-State
County:
Fulton
Control #:
US-0018LTR
Format:
Word;
Rich Text
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Description
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FAQ
If a deductor has deducted TDS at a lower rate due to unawareness of the new PAN-Aadhaar linking rule, it is crucial to rectify the situation. The deductor should immediately comply with the requirement and start deducting TDS at the higher rate of 20% for deductees whose PAN is not linked with Aadhaar.
Once the request for linking your Aadhaar with your PAN is submitted, it may take 7 days to 30 days to link your PAN with your Aadhaar and reactivation your PAN card.
Normally 90% of the update request is completed within 30 days.
Step 1: Login into the Income Tax e-filing portal. Step 2: Go to 'Dashboard' on the homepage and click the 'Link Aadhaar Status' option. Step 3: You can also go to 'My Profile' and click on the 'Link Aadhaar Status' option. When your Aadhaar is linked to your PAN card, the Aadhaar number will be displayed.
Once the request for linking your Aadhaar with your PAN is submitted, it may take 7 days to 30 days to link your PAN with your Aadhaar and reactivation your PAN card. What is the penalty for not linking PAN with Aadhaar? The penalty for non-linking PAN with Aadhaar card is Rs.1,000.
Step 5: Choose the mode of document submission, enter your PAN, choose the PAN card mode and click on the “Submit” button. It usually takes around 15 days for PAN correction/update. You will receive a text message on your registered mobile number when your PAN card is dispatched via post.
The IT department issued a circular that it is mandatory for all PAN-holders (except those who fall under the exempt category) to link their PAN-Aadhaar within 30th June 2023. Initially, the IT department mandated to link PAN-Aadhaar by 31st March 2022 and then extended it to 30th June 2022.
If PAN is not linked with Aadhaar by the deadline, the PAN card becomes inoperative. This means that: No refunds will be made against such PANs. TDS (Tax Deduction at Source) and TCS (Tax Collection at Source) will be deducted/collected at a higher rate.
If the PAN-Aadhaar linking is not done within 30th June 2023, the PAN card will become inoperative from 1st July 2023. However, if they are not linked and your PAN card is inoperative, you can still link it with your Aadhaar after paying the penalty of Rs.1,000 and activate your PAN card.
Filing an Income Tax Return (ITR) will become challenging, as it must include your Aadhaar card number. If your PAN and Aadhaar are not linked, the income tax department will reject your ITR, preventing you from filing the ITR and receiving a tax refund.
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Subsequently, the IT department extended the last date to link PANAadhaar to 30th June 2023. The CBDT has extended the deadline for linking PAN and Aadhaar to 30th June 2023.Step 1: Click on Link Aadhaar in Quick Links section on efiling website. Alternatively, login to e-filing portal and Click on Link Aadhar in Profile Section. The last date of linking PAN with Aadhaar has been extended to June 30, 2023, the Central Board of Direct Taxes (CBDT) said in a notification on March 28, 2023. The last date to link Permanent Account Number (PAN) with Aadhaar has been extended to June 30, 2021.
