Extension Of Time Limit To Link Aadhaar With PAN Up to June 30, 2023
As per the Section 139AA of the Income Tax Act, 1961, every person who is holding PAN is required to link the same with their Aadhaar. The CBDT extended this deadline many times previously considering honest taxpayers difficulties. The last date to link Aadhaar with PAN was March 31, 2023. As per the press release dated March 28, 2023, the CBDT has once again extended the time limit to link Aadhaar with PAN from March 31, 2023 to June 30, 2023 with a payment of prescribed fees of Rs. 1000/- by giving 3 more months to the taxpayers to link Aadhaar with PAN.
What if the Aadhaar is not linked with PAN?
Failure to link Aadhaar with PAN can lead to deactivation of PAN and as a consequence, following difficulties may arise to such PAN holders.
1. Non issuance of income tax refund and interest on such income tax refund
2. Deduction/Collection of TDS/TCS at higher rate as per the provision of the Income Tax Act, 1961
Who is not required to link Aadhaar with PAN?
Following persons are exempted to link Aadhaar with PAN:
1. The person residing in the state of Assam, Jammu and Kashmir and Meghalaya
2. A non-resident as per the Income Tax Act,1961
3. A person who has attained the age of 80 years or more at any time during the previous year
4. A person who has not a citizen of India
Visit below link to link your Aadhaar with your PAN:
https://eportal.incometax.gov.in/iec/foservices/#/pre-login/bl-link-aadhaar
Access full press release from below link:
https://www.incometax.gov.in/iec/foportal/sites/default/files/2023-03/Refer%20Press%20Release.pdf#
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