PAN-Aadhaar linking deadline extended! Your PAN may become inoperative if not linked by this date

There was an extension of three months granted for PAN-Aadhaar linking.

Final Date to Hyperlink PAN to Aadhaar Card: The final date for linking Aadhaar with PAN has been prolonged by the federal government. In a tweet, Anurag Thakur, Union Minister of State for Finance & Company Affairs, has made sure necessary bulletins and in addition knowledgeable concerning the final date extension of Aadhaar-PAN. The final date for linking Aadhaar with PAN now stands as September 30, 2021.

There was an extension of three months granted for PAN-Aadhaar linking. From thirtieth June, the final date has been prolonged until thirtieth September for linking PAN with Aadhaar.

Maintaining in view the difficulties confronted by taxpayers, the Central Authorities had earlier issued a notification relating to extending the final date for the intimation of Aadhaar quantity and linking thereof with PAN to thirtieth June, 2021.

As well as, there have been sure different bulletins for the good thing about taxpayers. “The extension of varied due dates, be it for PAN-AADHAAR linking, for fee of tax/ penalty underneath Vivaad se Vishwas scheme, completion of evaluation proceedings, completion of penalty proceedings, registration of charitable trusts and establishments for earnings tax exemption, and many others. will present extra time, each to taxpayers in addition to tax authorities for assembly the timeline,” says Shailesh Kumar, Companion, Nangia & Co LLP.

If you have already got the everlasting account quantity (PAN ) card and are eligible to acquire Aadhaar quantity or you have got already acquired one, then you might be required to intimate the Aadhaar quantity to the Revenue Tax Division. Your PAN Aadhaar linking must be accomplished, else the PAN will develop into ‘inoperative’.

As soon as the PAN turns into inoperative, one will be unable to endure a number of transactions the place PAN is required to be quoted mandatorily. The Revenue Tax Division has specified 18 monetary transactions the place quoting of PAN is obligatory by a person. In such circumstances, the transactions could possibly be carried out solely when the PAN and Aadhaar are linked, thus making the PAN re-active.

To hyperlink Aadhaar with the PAN card, one could go to the e-filing web site of the Revenue Tax Division. One could use log-in credentials and even with out logging, the linking of Aadhaar and PAN might be executed. The Revenue Tax Division has made it clear that for submitting of ITR, Aadhaar and PAN linkage is obligatory except particularly exempted.