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Aadhaar linking: Income tax department clarifies on making PAN inoperational

Aadhaar linking: Income tax department clarifies on making PAN inoperational

The deadline for linking your Permanent Account Number (PAN) with Aadhaar has already passed. However, this does not mean that your PAN may become inoperative. As per a circular issued by CBDT, PAN, not linked to Aadhaar, would become "inoperative" after March 31, 2023. Those taxpayers who link their PAN with biometric Aadhaar by June 30, 2022, would be required to pay late fees of ?500. Beyond that, the penalty would rise to ?1,000.

In order to mitigate the inconvenience to taxpayers, as per notification dated March 29, 2022, a window of opportunity has been provided to taxpayers up to March 31, 2023, to intimate their Aadhaar to the prescribed authority for Aadhaar-PAN linking without facing repercussions, the CBDT said, adding such intimation would have to be accompanied by late fees.

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