PAN-Aadhaar linking deadline on March 31: Know all about process, status check & penalty

NEW DELHI: The final date to hyperlink everlasting account quantity (PAN) with the biometric Aadhaar is March 31.
As per part 139AA of the Earnings Tax Act, 1961, it’s obligatory for all customers to hyperlink PAN with their Aadhaar quantity, or else the previous will turn out to be inoperative from March 31, 2023 . This might imply that customers won’t be able to conduct transactions the place quoting PAN is obligatory, like mutual funds.
It’s to be famous that, for individuals who miss the deadline, PAN will stay practical for 1 extra 12 months until March 2023, for submitting ITR, claiming refunds and different I-T procedures.
In an effort to mitigate the inconvenience to taxpayers, as per notification dated March 29, 2022, a window of alternative has been offered to taxpayers as much as March 31, 2023 to intimate their Aadhaar to the prescribed authority for Aadhaar-PAN linking with out going through repercussions, the CBDT stated, including such intimation must be accompanied by late charges.
The federal government has prolonged the deadline a number of occasions prior to now years. In September final 12 months, the final date was prolonged from September 30, 2021 to March 31, 2022 in wake of the challenges confronted by individuals because of the coronavirus pandemic.
Aadhaar is issued by the Distinctive Identification Authority of India (UIDAI) to a resident of India and PAN is a 10-digit alphanumeric quantity allotted by the revenue tax (I-T) division to an individual, agency or entity.
As per knowledge out there, until January 24, 2022, greater than 43.34 crore PANs have been linked with Aadhaar. Over 131 crore Aadhaar playing cards have been issued thus far. PAN-Aadhaar linkage would assist in eliminating duplicate PAN and curbing tax evasion.
In a tweet, the Central Board of Direct Taxes (CBDT) reminded customers to stick to the final date and hyperlink PAN with Aadhaar to assist in fast verification of Earnings Tax returns (ITRs).

Tips on how to hyperlink:
* Go to the e-filing portal of the I-T division (www.incometaxindiaefiling.gov.in)
* Beneath the ‘Fast Hyperlinks’ part, click on on ‘Hyperlink Aadhaar’
* Enter within the PAN, Aadhaar quantity and different required particulars.
* Put a tick on the field provided that the beginning 12 months is talked about in your Aadhaar card after which click on the test field for agreeing to validate your Aadhaar particulars with UIDAI.
* Enter the captcha code in your display (visually challenged customers can request for one-time password, or OTP, as an alternative of the captcha code).
* Click on on the ‘Hyperlink Aadhaar’ tab.
Alternatively, it will also be linked through SMS:
* Ship SMS from Aadhaar registered cell quantity at 567678 or 56161.
* SMS must be within the format: UIDPAN
* Guarantee house between UIDPAN, your Aadhaar quantity and PAN
Tips on how to test standing:
* Go to e-filing portal of the I-T division (www.incometaxindiaefiling.gov.in)
* Beneath the ‘Fast Hyperlinks’ part, click on on ‘Hyperlink Aadhaar standing’ possibility
* Within the display that opens, enter you PAN and Aadhaar quantity
* Click on on ‘View Hyperlink Aadhaar standing’
* A pop up will present up in your display confirming the standing
Penalty for non-compliance
In a notification, the CBDT had stated delayed intimation of Aadhaar will entice a late charge of Rs 500, in instances the place it’s linked inside the subsequent 3 months or by June 30, 2022.
Thereafter, Rs 1,000 must be paid by taxpayers as penalty.
Non-linking of PAN with Aadhaar will result in PAN changing into inoperative. It may be re-operationalised on fee of penalty, stated a CBDT notification dated March 29.
As talked about above, after March 31, 2023, the PAN of taxpayers who fail to intimate their Aadhaar, as required, shall turn out to be inoperative and all the implications below the Act for not furnishing, intimating or quoting the PAN shall apply to such taxpayers, the CBDT added.
Whereas PAN is used for numerous transactions like opening a checking account, buy of immovable property or proof of identification, inactive PAN will set off domino impact and particular person who haven’t linked their Aadhaar might face a number of challenges.
“As soon as your PAN turns into inactive, the individual might be restricted from doing monetary transactions (the place quoting of PAN is obligatory like mutual funds), subjected to TDS at greater charges and penalty below part 272B,” Nangia Andersen LLP Companion Neeraj Agarwala informed information company PTI.
(With inputs from businesses)