Central Govt Extends The Dates For Linking PAN Card | Read Here Complete News
Hey, folks! as you all know that recently news broke on the internet claiming every Indian resident has to link his and her PAN card with an Adhaar card. However, the news was surfacing on the internet for a long time but finally, the Indian govt has brought a deadline prior to which every individual has to link his or her Adhaar and PAN cards together. Well, you all must be in the swim that a PAN card has a mandatory use in our lives but it is mainly being used in financial fields such as opening a bank account and making other transactions. After the specified date if anyone remains left for linking these two cards together then their PAN card would not be working any longer anymore.
As it is India where people often take such actions lightly, therefore, the Indian govt has given a last chance for all by extending the linking date of PAN cards. The central government has extended the last date for a taxpayer to link the Permanent Account Number (PAN) with Aadhaar. According to the latest reports, the CBDT (Central Board of Direct Taxes), the last date was 31st March 2023 is now extended to June 30th, 2023. It has been said that notification in this regard is being issued individually. Linking PAN with Aadhaar now becomes mandatory and it is to help curb tax evasion. If a taxpayer fails to link the two documents, his/her PAN card will become inoperative. The taxpayer will not be able to furnish, intimate, or quote his PAN in such cases.
What If We Do Not Link PAN Card With Adhaar?
Well, the answer to this question is just so simple and short. So, in easy words saying this won’t be bad because if anyone fails to link their PAN with Adhaar then their card will be inoperative and the individual has to face many problems. However, there would be many things that an individual has to face if he or she fails to link the card but here are some of the points that you should know in case you are thinking that it is just a rumor.
In order to provide some more time to the taxpayers, the date for linking PAN & Aadhaar has been extended to 30th June, 2023, whereby persons can intimate their Aadhaar to the prescribed authority for PAN-Aadhaar linking without facing repercussions.
— Income Tax India (@IncomeTaxIndia) March 28, 2023
- No tax refund is to be allowed against such PAN cards
- If the taxpayer links the two documents after filing the return, the Income Tax department will not pay interest on the refund for the period during which the two documents were not linked
- Both taxes deducted at source (TDS) and tax collected at source (TCS) will be deducted/collected at a higher rate in such cases
How To Check If Your PAN Is Linked?
So, again the question comes that millions of people are confused about. However, all those who recently got their PAN card, don’t have to be feared of this scheme because their PAN cards are already linked (Only if those cards are recently made). However, following these steps you can check if your PAN card is linked with your UIDAI or not. Well, first you need to visit the official website of Income tax at https://www.incometax.gov.in/iec/foportal/. After visiting the site you need to follow some easy steps following which you can check your status. The steps are to visit the official website of Income Tax>Go To Link Adhaar Status>Enter following details>submit> here you got the status. Stay tuned with us to get more updates on all trending news across the nation.