Last date for linking of PAN-Aadhaar extended

Facility Of ‘Initiating Drop Proceedings’ Of Suspended GSTINs Due To Non-filing Of Returns

1.Announcement by Government

In order to provide some more time to the taxpayers, the date for linking PAN and Aadhaar has been extended to 30th June, 2023, whereby persons can intimate their Aadhaar to the prescribed authority for Aadhaar-PAN linking without facing repercussions.

2. Background

Under the provisions of the Income-tax Act, 1961(the ‘Act’) every person who has been allotted a PAN as on 1st July, 2017 and is eligible to obtain Aadhaar Number, is required to intimate his Aadhaar to the prescribed authority on or before 31st March, 2023, on payment of a prescribed fee.

3.Impact

From 1st July, 2023, the unlinked PAN shall become inoperative. Then you will not be able to use your PAN wherever it is mandatory. This includes

The opening of bank accounts, demat accounts etc.
Filing of ITR’s won’t be possible and If you won’t be able to file the ITR then you will not been able to take Loan or Visa for travelling purpose.
Your pending returns will not be processed which means that your pending refund will not be issued.
TDS,TCS will be deducted at a higher rate as your PAN is no longer operative.

4.Who has been exempt from PAN-Aadhaar linking?

Non-resident Indians (NRIs), individuals who are not Indian citizens, senior citizens aged above 80 years, and residents of Jammu Kashmir, Assam and Meghalaya are among those exempt from linking both the cards.

5. Actions

Please pay the applicable non-refundable fee of Rs. 1000 through e -Pay Tax service to proceed with submission of Aadhaar-PAN linking request.
In case payment is already done on Protean (NSDL) portal, please try linking after 4-5 working days from the date of payment.
Please make sure fee payment is done under Minor head 500 – Other Receipts(500) and Major head 0021 [Income Tax (Other than Companies)] in single challan.

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Facility Of ‘Initiating Drop Proceedings’ Of Suspended GSTINs Due To Non-filing Of Returns

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Facility Of ‘Initiating Drop Proceedings’ Of Suspended GSTINs Due To Non-filing Of Returns

1.Announcement by Government

2. Background

3.Impact

4.Who has been exempt from PAN-Aadhaar linking?

5. Actions

Latest Blog

Facility Of ‘Initiating Drop Proceedings’ Of Suspended GSTINs Due To Non-filing Of Returns

No GST have to pay on notice pay recovered by employer from employee for premature quitting of organization.