PRESS NEWS
Ministry
of Finance
LAST DATE FOR LINKING OF PAN-AADHAAR EXTENDED
Posted On: 28 MAR 2023 2:48PM by PIB Delhi
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. Notification to this effect
is being issued separately
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. Failure to do so shall attract certain
repercussions under the Act w.e.f. 1st April, 2023. The date for intimating
Aadhaar to the prescribed authority for the purpose of linking PAN and Aadhaar
has now been extended to 30th June, 2023.
From 1st July, 2023, the PAN of taxpayers who have failed to
intimate their Aadhaar, as required, shall become inoperative and the
consequences during the period that PAN remains inoperative will be as follows:
i.
no
refund shall be made against such PANs;
ii.
interest
shall not be payable on such refund for the period during which PAN
remains inoperative; and
iii.
TDS
and TCS shall be deducted /collected at higher rate, as provided in the Act.
The PAN can be made
operative again in 30 days, upon intimation of Aadhaar to the prescribed
authority after payment of fee of Rs.1,000.
Those persons who have
been exempted from PAN-Aadhaar linking will not be liable to the consequences
mentioned above. This category includes those residing in specified States, a
non-resident as per the Act, an individual who is not a citizen of India or
individuals of the age of eighty years or more at any time during the previous
year.
It is stated that more
than 51 crore PANs have already been linked with Aadhaar till date. PAN can be
linked with Aadhaar by accessing the following link https://eportal.incometax.gov.in/iec/foservices/#/pre-login/bl-link-aadhaar .
PPG/KMN (Release
ID: 1911396)
