Big news: If PAN card is not linked with Aadhaar, then such a fine will have to be paid, applicable from July 1

It is necessary to link PAN with Aadhaar

Many times notification has been issued by the Income Tax Department to link PAN card with Aadhaar. The last date for linking PAN card with Aadhar card is 31 March 2023. According to the notification issued by CBDT, now you will have to pay a penalty for linking Aadhaar-PAN card. In a notification issued on March 29, 2022, the CBDT said that after March 31, 2022, if someone links his PAN card with Aadhaar, then he will have to pay a penalty.

will have to pay a fine

Now you have to pay penalty for linking PAN card with Aadhaar. According to the CBDT, after March 31, 2022, a penalty of Rs 500 will have to be paid for linking PAN with Aadhaar. In such a situation, if a person does not link Aadhaar card and PAN card by 30 June 2022, then he will suffer further loss and the amount of his fine may also increase. That is, till June 30, you can link PAN with Aadhaar with a fine of up to Rs 500.

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Will have to pay more fine from July 1

According to the notification issued by the CBDT, the amount of fine will be increased from July 1. That is, if you link your PAN card with Aadhaar after June 30, then you will have to pay a fine of Rs 1000 instead of Rs 500. On the other hand, those who do not link their PAN card with Aadhaar by March 31, 2023, their PAN card will be deactivated forever.

Follow these steps link

• You can easily link your PAN card with Aadhaar. You have to go to www.incometax.gov.in and click on Aadhar option.

• After the new window opens, all the information including PAN, Aadhaar along with name and mobile number will have to be given.

• After filling the information click on the Continue option.

• Enter the OTP received by you on the registered mobile number and click on Validate.

• After paying the penalty, your PAN will be linked with Aadhaar.