Photo: The last date to link PAN Aadhaar is over, know what are your options now
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It is mandatory to link PAN with Aadhaar in India. There are many benefits of linking PAN with Aadhaar, but now there are lakhs of people in the country who have not yet linked their PAN i.e. Permanent Account Number with Aadhaar. The last date set by the government for linking PAN with Aadhaar was June 30, 2023, which has now expired.
However, before this, March 31 was the last date set by the government. After its deadline was extended till June 30, PAN could be linked with Aadhaar with a fine of Rs 1000, but its last date has also passed. In such a situation, what option is left with you to link PAN with Aadhaar, while now all the PANs not linked to Aadhaar have been deactivated. Even after this, if you use PAN, then you will have to pay a fine of Rs 10,000.
According to the Income Tax Department, after June 30, 2023, a payment of one thousand rupees will have to be made through the e-filing portal to reactivate the inactive PAN card. The thing to note here is that till this period i.e. for 30 days the PAN will remain inactive. After this, after about one month, you will be able to use the PAN card again, but with a fine.
According to experts, people whose PAN card has become inactive since July 1 due to non-linking of PAN and Aadhaar, will face the biggest loss at the time of filing ITR. You will need PAN to file ITR. 1000 rupees will have to be paid to activate it again, but this process will take at least a month.
If you do not link PAN card with Aadhaar, then you will be deprived of getting the benefits of many types of services and government schemes. Like will not be able to file income tax return. Your tax refund will get stuck. Will not be able to open bank account. You will not be issued a credit card. You will find it difficult to invest in mutual funds and stocks.
If you want to check the linking with PAN-Aadhaar, first of all go to the official website of Income Tax Department incometax.gov.in/iec/foportal/. After this, in the link section, you will get the option of link, select it. Enter your PAN and Aadhaar card number. Click on View link Aadhaar status, option. The screen will show you the PAN-Aadhaar link status.
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