Govt Notification: Exemption from Fine for Not Linking PAN with Aadhaar for Certain Categories
The Indian government has issued a notification stating that certain categories of individuals will not be required to pay a fine for not linking their PAN (Permanent Account Number) with Aadhaar. However, it is important to note that failure to link PAN with Aadhaar will render the PAN invalid from April 01, 2023. This means that individuals will be unable to file their income tax returns or access any services related to PAN.
Government Notification: Linking PAN with Aadhaar
Extension of Deadline for Linking PAN with Aadhaar
The deadline for linking PAN with Aadhaar has been extended several times, but the current deadline is March 31, 2023. Therefore, individuals who have not yet linked their PAN with Aadhaar must do so before the deadline to avoid any inconvenience.
Exemption Categories for Linking PAN with Aadhaar
In May 2017, the Union Ministry of Finance issued a notification that exempted certain categories of individuals from linking their PAN with Aadhaar. This means that even if these individuals do not link their PAN with Aadhaar, they will not face any penalty of Rs 10,000. the empeted categories are as follows:
Individuals living in Assam, Meghalaya, and the Union Territory of Jammu and Kashmir
Non-residents
Individuals aged 80 years or older during the previous year
Non-citizens of India
How to Link PAN Card with Aadhaar Card
Individuals can link their PAN with Aadhaar through SMS or online. To link PAN with Aadhaar through SMS, send an SMS to 567678 or 56161 from the registered phone number. Online linking can be done by visiting the Income Tax portal and paying the applicable late fee or Rs 1000. Alternatively, individuals can also link their PAN card with Aadhaar card by visiting the official website of the Income Tax Department of India, incometaxindiaefiling.gov.in.
Individuals falling under the exempted categories for linking PAN with Aadhaar need not worry about any penalties for non-compliance. However, it is important for other individuals to link their PAN with Aadhaar before the deadline to avoid any inconvenience. Linking PAN with Aadhaar can be done through various methods, including SMS and online linking.
Link Pan With Aadhar Here
FAQS
What is PAN?
PAN stands for Permanent Account Number, which is a unique 10-digit alphanumeric identifier issued by the Indian government to individuals and entities for tax-related purposes.
What is Aadhaar?
Aadhaar is a 12-digit unique identification number issued by the Indian government to individuals based on their biometric and demographic data.
What happens if I don’t link my PAN with Aadhaar?
If you don’t link your PAN with Aadhaar, your PAN card will become invalid from April 01, 2023, and you will be unable to file your income tax returns or access any services related to PAN.
What are the exemption categories for linking PAN with Aadhaar?
The exemption categories for linking PAN with Aadhaar are individuals living in Assam, Meghalaya, and the Union Territory of Jammu and Kashmir, non-residents, individuals aged 80 years or older during the previous year, and non-citizens of India.
How can I link my PAN with Aadhaar?
You can link your PAN with Aadhaar through SMS or online. To link PAN with Aadhaar through SMS, send an SMS to 567678 or 56161 from the registered phone number. Online linking can be done by visiting the Income Tax portal and paying the applicable late fee or Rs 1000. Alternatively, individuals can also link their PAN card with Aadhaar card by visiting the official website of the Income Tax Department of India, incometaxindiaefiling.gov.in.
Banks should have informed their customers through SMS to link Aadhar with PAN as they hold copies of the same regarding this notification when received by them.
since most people are not aware of this deadline. Banks likewise ask for KYC, people are are aware that it has to be linked.