Double Penalty For Not Linking PAN-Aadhaar By June 30

New Delhi: There are still three working days left for linking your PAN and Aadhaar if you haven’t done so yet. The last day is June 30. Failing to do so before this date, will invite a fine of Rs 1,000 for late linking.

The Income Tax department under the central government has notified an extension in the task to link PAN and Aadhar for citizens. The last date is March 31, 2023, but you have to pay a fine to avoid getting your PAN inoperative. Those who are linking the two before June 30 will also have to pay a fine while completing this mandatory work.

Late fine after June 30

Till June 30, citizens who will link Aadhaar PAN will have to pay a late fee of Rs 500. “A penalty of Rs 500 is to be paid “in a case where such intimation is made within three months from the date referred to in sub-section,” said the Income Tax Department in a notification earlier this year.

After June 30, a late fee of Rs 1,000 is to be paid by those who are linking their Aadhaar PAN. This task has to be done before March 31 next year to avoid getting their PAN inoperative, which is crucial in several tasks like filing taxes.

The consequences of not linking

An individual whose PAN is not linked with Aadhaar, will not be able to conduct any financial transaction using this document, like not being able to file tax returns, pending returns and refunds not being processed, and tax deductions at a higher rate and many others. Furnishing an invalid PAN can also attract fines of Rs 10,000 as per law.

How to link the two?

You can do it online in two ways — without logging in to the income tax portal or by logging into your account. You have to enter your PAN and Aadhaar details to link them, along with other required details.

You can also do it via SMS through Unique Identification Authority of India’s (UIDAI’s) new updates. The linking process can be done by sending an SMS to either 567678 or 56161 from your registered phone number.