Rumours of PAN-Aadhaar Linkage Deadline Extension
Rumours are circulating that the deadline for PAN-Aadhaar linkage has been extended by one more year. Some reports have also claimed that the Central Board of Direct Taxes (CBDT) may further extend the PAN-Aadhaar linkage deadline and charge additional fees. However, according to the new official announcement, The last date for linking PAN with Aadhaar has been extended from 31st March to 30th June 2023.
Deadline and Fees for PAN-Aadhaar Linkage
According to the information available on the Income Tax e-filing website as of today (March 29). To comply with the regulations, PAN card holders need to link their Aadhaar with their PAN by June 30 and pay a fee of Rs. 1,000. The official link to the PAN-Aadhaar linkage is here
Exemptions for PAN-Aadhaar Linkage
It is important to note that PAN-Aadhaar linkage is not required for NRIs, non-citizens of India, citizens above 80 years of age and residents of Assam, Meghalaya and Jammu Kashmir.
Reminder from Income Tax Department
On March 18, the Income Tax Department tweeted, “As per IT Act,1961, it is mandatory for all PAN holders, who do not fall in the exempted category, to link their PAN with Aadhaar by 31.3.23.” After 1.4.23, the unlinked PAN will be inoperative”. But now on 28 march, they came with a new announcement. And told that the date has been extended for 3 months. Therefore new date is 30 June 2023.
Final Words
Rumours were circulating that the deadline for PAN-Aadhaar linkage has been extended by one more year. And, there is an official announcement has been made to date regarding the extension of the PAN-Aadhaar linkage deadline. PAN card holders need to complete the Aadhaar linking process by June 30 by paying a fee of Rs. 1,000, as per the information available on the Income Tax e-filing website. However, certain individuals are exempt from the PAN-Aadhaar linkage process. The Income Tax Department has also reminded all PAN holders, who do not fall in the exempted category, to link their PAN with their Aadhaar by June 30, as after that, the unlinked PAN will be inoperative. It is advisable to stay updated with the official announcements. And complete the linkage process promptly to avoid any inconvenience.
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