The central authorities has extended the deadline of PAN-Aadhaar linking from September 30, 2021 to March 31, 2022.
The due date for completion of penalty proceedings underneath the Income-tax Act has additionally been extended from Sept 30, 2021 to March 31, 2022, mentioned the federal government of India.
The Central Board of Direct Taxes had earlier notified Rule 114AAA prescribing the way and penalties if PAN turns into inoperative. As per the rule, in case an individual’s PAN turns into inoperative, will probably be deemed that he has not furnished, intimated or quoted the PAN, because the case could also be, and he shall be responsible for all the implications underneath the Act for not furnishing, intimating or quoting the PAN. However, the particular person can reactivate his PAN by subsequently intimating his Aadhaar to the Department.
Meanwhile, it have to be famous that so as to keep away from any inconvenience, one should hyperlink one’s Aadhaar with PAN earlier than the deadline. Aadhaar is taken into account to be probably the most essential paperwork for a person within the nation and it’s going to be a one-stop answer for all the necessities. Linking of Aadhaar with PAN just isn’t tough in any respect. One can hyperlink the Aadhaar with PAN simply by sending an SMS.
