Aadhaar and PAN Card Link- If you have not linked your PAN card and Aadhaar card, then you may be fined Rs 6000
An Aadhaar card and PAN card are very important for Indian people, whether it is government work or non-government work, in such a situation, if you have not linked your Aadhaar and PAN card yet, then be careful, because the deadline to link Aadhaar card to your PAN card has expired, and if you have missed this important task, then you may get some shocking news. The Income Tax Department had set the last date for Aadhaar-PAN linking as May 30, 2024, and till this date, there was no fee to be paid for linking. However, now that the deadline has passed, many individuals may face significant difficulties related to it
Consequences of missing the deadline for Aadhaar-PAN linking
PAN card deactivation:
If you have not linked your Aadhaar to your PAN, then your PAN card is now deactivated. This inaction impacts various financial and administrative processes
Filing Income Tax Returns (ITR):
Taxpayers must file their income tax returns by July 31, 2024. If your PAN card is inactive, you will face challenges in filing your ITR.
Penalties for late filing:
Filing your ITR after the July 31 deadline means filing it as a belated return, for which there are different penalties.
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