Time Extension For Pan Aadhaar Link In Maryland
Description
Form popularity
FAQ
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 necessary, you may request an extension of time of up to six months beyond the filing deadline to file your return. If you already requested an extension from IRS for your federal return and you do not owe additional state tax, you receive an automatic six-month extension for filing your Maryland return.
PAN will become inoperative from 1st July 2023 if it is not linked with Aadhaar. However, you can still link your PAN with Aadhaar by paying a penalty of Rs.1,000. The Income Tax Department has issued a reminder to taxpayers to link their PAN with Aadhaar by 31st May 2024 if they have not yet linked them.
If the seller's PAN is unavailable or inoperative (not linked to Aadhaar), the TDS rate for the buyer shoots up to 20%.
Subsequently, the IT department extended the last date to link PAN-Aadhaar to 30th June 2023.
If you haven't linked your PAN with Aadhaar till now, your PAN is now considered inoperative. This means you won't be able to use your inoperative PAN in situations where it's necessary to provide one.
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.
To reach a Taxpayer Services Agent for help with any tax issue, please call us at 410-260-7980, or 1-800-638-2937 outside of Central Maryland.
Who's eligible for Maryland's poverty level credit? Taxpayers whose earned income and federal adjusted gross income are less than the poverty level income for the number of exemptions claimed on their federal return may be eligible for a special credit on Maryland Form 502.
The Maryland Tax Form 502SU is for Maryland residents eligible for income tax subtractions. It allows taxpayers to claim these subtractions to reduce their Maryland taxable income.
