The PAN will be made operative once more by paying a late price of Rs 1,000.
The final date for linking PAN with biometric Aadhaar was June 30, 2023.
The authorities has collected over Rs 600 crore as a penalty for delay in linking PAN with Aadhaar, and about 11.48 crore Permanent Account Numbers are nonetheless not linked with biometric identification, Parliament was knowledgeable on Monday.
“Number of PANs not linked with Aadhaar, excluding exempted categories, is 11.48 crore as on January 29, 2024,” Minister of State for Finance Pankaj Chaudhary mentioned in a written reply within the Lok Sabha.
The final date for linking PAN with biometric Aadhaar was June 30, 2023. If a person fails to hyperlink their Aadhaar and PAN by June 30, 2023 and needs to hyperlink it at a later date, then they’ll achieve this after fee of penalty.
To a query relating to the small print of presidency incomes via a late penalty of Rs 1,000 from the individuals who haven’t linked their PAN and Aadhaar after the final date of June 30, 2023, Chaudhary mentioned “The total collection of fee from persons who have not linked their PAN with Aadhaar is Rs 601.97 crore from July 1, 2023 to January 31, 2024”.
The Income Tax division had mentioned the PAN of taxpayers who’ve didn’t intimate their Aadhaar shall grow to be inoperative from July 1, 2023 and no refunds could be made in opposition to such PANs. Also, TDS and TCS shall be deducted/collected at the next price.
The PAN will be made operative once more by paying a late price of Rs 1,000.
(With PTI inputs)
