Will the Government Extend the Deadline for PAN Aadhaar Linking?
The deadline for PAN Aadhaar linking has been a talking point for many Indians. As the current deadline of March 31, 2023 approaches, many wonders if that date will be extended. At the time of writing, the last date to PAN Aadhaar Link has not been extended from the current deadline of March 31, 2023. It is important to note that failure to link PAN and Aadhaar before the deadline may result in fines and penalties. , including the possibility that your PAN card is not valid.
There we will explore the latest updates on PAN and Aadhaar due dates and provide instructions to complete the process. As personal finance experts, we understand the importance of staying up-to-date with the latest regulations and requirements and help ensure you are compliant with the latest PAN and Aadhaar linking rules.
What is PAN Adhaar Link?
PAN Aadhaar Link is linking a person’s PAN (Permanent Account Number) and Aadhaar number. The Government of India has made it mandatory for all PAN holders to link PAN with Adhaar by March 31, 2022. If a person fails to do so, he can face a fine of Rs. 500 by June 30, 2022, and a fine of Rs. 1,000 after the date they finally do link their PAN and Aadhaar within March 31, 2023.
The Video You Get Everything About Aadhaar PAN Link
- Go to the official website of the Income Tax Department – https://www.incometax.gov.in/iec/foportal/
- Click on the “Link Aadhaar” option under the “Quick Links” section on the right-hand side of the homepage.
- Enter your PAN card number and your Aadhaar number.
- Click on the “Validate” button.
- If you already did the linking then you will show the Already linked Popup Massage
- If you do not link yet then you have to pay 1000 a late fee on the “Minor head 500 – Other Receipts(500)” category
- You will also receive an OTP on your registered mobile number and email ID.
- Enter the OTP and click on the “Submit” button.
- A message will appear confirming the payment
- After Payment Confirmation, enter your Aadhaar and PAN number and Submit
- Aadhaar and PAN will be linked shortly.
Aadhar Card PAN Card Link App
There are several apps available on Playstore to link your Aadhar Card with your PAN Card. However, it is recommended to use the official apps provided by NSDL, UTIITSL, and Aaykar Setu for this purpose.
NSDL (National Securities Depository Limited) and UTIITSL (UTI Infrastructure Technology and Services Limited) are two official agencies authorized by the government to provide PAN Card services. They have developed their own apps to facilitate the process of linking Aadhar Card with PAN cards.
The NSDL e-Gov app and UTIITSL app can be downloaded from Playstore. These apps allow users to link their Aadhar Card with PAN Card by simply entering the required details.
Aaykar Setu is another official app developed by the Income Tax Department of India. This app offers various services related to taxation, including the facility to link Aadhar Card with PAN Card.
Using these official apps ensures the authenticity and security of the process. It is always recommended to use these official apps rather than relying on third-party apps.
Important in PAN Aadhaar Link Process
Here are some important points to keep in mind when linking your PAN and Aadhaar:
- Ensure that you make the fee payment under the “Minor head 500 – Other Receipts(500)” category.
- Enter the payment amount as Rs. 1000 in the “Others” field.
- Select the Assessment Year 2023 – 2024.
- The payment is non-refundable, so be careful while making the payment.
- It may take up to 4-5 working days for the payment confirmation to reflect on the Income Tax portal.
What Happen if Your PAN and Aadhaar Data are Mishmatch?
It’s crucial to ensure that your PAN and Aadhaar details match before linking them. If there is a mismatch in your data, you must correct it before attempting to PAN Aadhaar Link. Failure to correct the data beforehand can lead to unnecessary delays in the linking process. Additionally, if the deadline for linking your PAN with Aadhaar is not extended and your PAN is not linked, it will become inoperative. Therefore, it’s important to ensure that your PAN and Aadhaar details match and are up-to-date to avoid any complications or issues with the linking process.
What happens if you are Unable to do PAN Adhaar Linking?
Here are the possible consequences if you are unable to link your PAN with Aadhaar:
- Your PAN card will be considered invalid
- You will not be able to open a bank account using your PAN
- Cash deposits above Rs. 50,000 will not be applicable
- The TDS (Tax Deducted at Source) rate will increase to a higher rate
- Processing of your Income Tax Return will not be operative
- TDS refund will be stopped
- Government benefits and subsidies will be stopped
- Processing of your VISA or Passport will not be processed
- Your loan processing will be stuck
Will Link PAN with Adhaar Date be extended?
As of now, the last date to link your PAN with Aadhaar is March 31, 2023. However, it is important to note that the government may extend this deadline in the future. If the deadline is extended, individuals who fail to link their PAN with Aadhaar before the original deadline of March 31, 2023, may still be able to do so without paying the late fee. It’s worth mentioning that the government has previously extended the deadline for PAN-Aadhaar linking in the past. Ultimately, the decision to extend the deadline depends solely on the government. It’s important to keep checking for any updates or announcements from the government regarding the deadline extension.
There Is Good News the date for linking PAN and Aadhaar has been extended to 30th June 2023. Before 30th June 2023, the process should be completed to keep running your PAN card with the late fee payment of 1000. So, there you have 3 months of time to Correct your PAN and Aadhaar Details and Link your Aadhaar with your PAN card.
It is important to spread awareness about the requirement of PAN Aadhaar Link to all eligible citizens. It is a crucial step towards fulfilling the government’s objective of creating a more efficient and transparent system of taxation. Non-compliance can lead to various consequences, including the invalidation of PAN cards, difficulties in banking, increased TDS rates, and a stoppage of government benefits and subsidies. Therefore, citizens must take prompt action and PAN Aadhaar Link before the deadline of 31st March 2023. It is essential to understand the importance of this process and avoid any potential difficulties in the future.
What is the last date for PAN-Aadhaar Link 2023?
The last date for PAN-Aadhaar Link is 31st March 2023.
The time limit for linking Aadhaar with PAN is till 31st March 2023.
Yes, if PAN is not linked with Aadhaar by the deadline of 31st March 2023, then it may become inoperative.
Yes, Aadhaar can be linked with PAN even after the deadline. However, a penalty may be imposed for the same.
If Aadhaar is not linked with PAN by the deadline of 31st March 2023, then a penalty of Rs. 1,000 may be applicable before submission of the linkage request.
The last date of PAN Aadhaar link status is the same as the deadline for the linkage, i.e., 31st March 2023. It is advisable to check the status of PAN Aadhaar link on the Income Tax portal to avoid any inconvenience.
If someone fails to link their PAN with Aadhaar before the deadline, a late fee will be applicable. The late fee is Rs. 1000, and it is non-refundable.
Yes, PAN Aadhaar linking is mandatory for individuals who were allotted PAN on or before July 1, 2017, and are eligible to obtain Aadhaar number.
Yes, it is compulsory to link Aadhaar with PAN.
The assessment year for PAN Aadhaar link is 2023-2024.
You can check your PAN linking status by visiting the Income Tax e-filing portal and logging in with your credentials.
You can check the status of your Aadhaar-PAN linking by visiting the UIDAI website and clicking on “Check Aadhaar & Bank Account Linking Status.”
Linking PAN with Aadhaar helps in curbing tax evasion, ensuring authenticity, and simplifying the process of tax filing.