The deadline for Pan-Aadhar linking is extended to March 31, 2023, which was March 31, 2022 earlier. CBDT announced the news (Central Board of Taxes ) via notification dated March 29, 2022, where the press release was made on March 30, 2022.
However, if you link your Aadhar with Pan on before June 30, 2022, a penalty of Rs. 500 will be applied, this would be Rs. 1000, once you done your linking on or after July 1, 2022. The few has now been broken into their component parts.
You can link your PAN with Aadhaar by following process:
a) Open the Income Tax e-filing portal – https://incometaxindiaefiling.gov.in/
b) Register on it (if not already done). Your PAN (Permanent Account Number) will be your user id.
c) Log in by entering the User ID, password and date of birth.
d) A pop up window will appear, prompting you to link your PAN with Aadhaar. If not, go to ‘Profile Settings’ on Menu bar and click on ‘Link Aadhaar’.
e) Details such as name date of birth and gender will already be mentioned as per the PAN details.
f) Verify the PAN details on screen with the ones mentioned on your Aadhaar. Pls. note that if there is a mismatch, you need to get the same corrected in either of the documents.
g) If the details match, enter your Aadhaar number and click on the “link now” button.
h) A pop-up message will inform you that your Aadhaar has been successfully linked to your PAN
i) You may also visit https://www.utiitsl.com/ OR https://www.egov-nsdl.co.in/ to link your PAN and Aadhaar.
Why Should You Link Aadhar With Pan
If the PAN is not linked with Aadhaar by March 31, 2023, then next year starting April 1, 2023, your PAN will become inoperative. Once your PAN becomes inoperative, you will not be able to file income tax return, open a bank account, invest in mutual funds etc.
As per income tax laws, it is mandatory for every person having PAN as on July 1, 2017 and eligible to obtain Aadhaar number, to intimate his/her Aadhaar number to the prescribed authority on or before the prescribed date (March 31, 2022 as per earlier government diktat). On failure to do so, his/her PAN will become inoperative and all procedures in which PAN is required shall be halted. As per the earlier notification, the PAN could have been made operative again after March 31, 2022 upon intimation of Aadhaar to the prescribed authority after payment of a prescribed fee (up to Rs 1000)
The income tax department can also levy a penalty under section 272B of up to Rs 10,000 for not having active PAN. However, now this will be levied if PAN becomes inoperative after March 31, 2023 as a result of not linking it to Aadhaar.
