Is your PAN linked with Aadhar card? Know 5 big disadvantages if you become in-operative

The government has extended the deadline for linking PAN card with Aadhaar card by one year till March 31, 2023. However, from April 1, 2022, you will have to pay a penalty for linking PAN and Aadhaar. A notification was issued by the Income Tax Department (CBDT) in this regard on 29 March 2022. According to this notification, a new section 234H has been added in the Finance Act 2021. Let us know what are the disadvantages if PAN card becomes in-operative.

If your PAN card is in-operative, more tax will be deducted at many places. Especially the rule regarding TDS is directly related to the PAN card. Double TDS is deducted if PAN card information is not shared.

Publish Date – Apr 11, 2022 7:16 am IST

The government has extended the deadline for linking PAN card with Aadhaar card by one year till March 31, 2023. However, from April 1, 2022, you will have to pay a penalty for linking PAN and Aadhaar. A notification was issued by the Income Tax Department (CBDT) in this regard on 29 March 2022. According to this notification, a new section 234H has been added in the Finance Act 2021. Let us know what are the disadvantages if PAN card becomes in-operative.

According to the circular issued by the CBDT, if the PAN card is not linked with the Aadhaar card by March 31, 2023, then that PAN card will become in-operative. In-operative PAN card cannot be used anywhere. If the PAN card is to be quoted at any place, then the information of in-operative PAN cannot be shared.

According to the circular issued by the CBDT, if the PAN card is not linked with the Aadhaar card by March 31, 2023, then that PAN card will become in-operative. In-operative PAN card cannot be used anywhere. If the PAN card is to be quoted at any place, then the information of in-operative PAN cannot be shared.

If a taxpayer uses his card while filing the return, then it is necessary to remain operative. Returns cannot be filed with the help of an in-operative PAN card.

If a taxpayer uses his card while filing the return, then it is necessary to remain operative. Returns cannot be filed with the help of an in-operative PAN card.

If the return of a taxpayer is pending, then that work also cannot be done with the help of in-operative PAN. Apart from this, pending refund also cannot be obtained with the help of in-operative PAN card.

If the return of a taxpayer is pending, then that work also cannot be done with the help of in-operative PAN. Apart from this, pending refund also cannot be obtained with the help of in-operative PAN card.

If your PAN card is in-operative, more tax will be deducted at many places. Especially the rule regarding TDS is directly related to the PAN card. If PAN card is submitted then less TDS is deducted. TDS gets doubled if PAN card is not submitted. In-operative PAN card cannot be used at these places.

If your PAN card is in-operative, more tax will be deducted at many places. Especially the rule regarding TDS is directly related to the PAN card. If PAN card is submitted then less TDS is deducted. TDS gets doubled if PAN card is not submitted. In-operative PAN card cannot be used at these places.

Taxpayers who link their PAN with Aadhaar by June 30, 2022, will have to pay a late fee of Rs 500. After this the fine will increase to Rs 1,000. The CBDT said that in order to reduce the hardships faced by the taxpayers, as per the notification dated March 29, 2022, taxpayers have till March 31, 2023 to inform the prescribed authority for linking of Aadhaar-PAN without any penalty. It's time.

Taxpayers who link their PAN with Aadhaar by June 30, 2022, will have to pay a late fee of Rs 500. After this the fine will increase to Rs 1,000. The CBDT said that in order to reduce the hardships faced by the taxpayers, as per the notification dated March 29, 2022, taxpayers have till March 31, 2023 to inform the prescribed authority for linking of Aadhaar-PAN without any penalty. It’s time.






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