Last date to link PAN with Aadhaar extended to June 30, 2023: CBDT
- News|Blog|Income Tax|
- 2 Min Read
- By Taxmann
- |
- Last Updated on 29 March, 2023
Latest from Taxmann
Press Release Dated 28-03-2023
Considering the difficulties faced by the taxpayers & other stakeholders and providing some more time to the taxpayers, the Central Board of Direct Taxes (CBDT) has extended the due date for linking PAN and Aadhaar from March 31, 2023, to June 30, 2023, without facing repercussions.
Section 139AA of the Income-tax Act provides that every person who has been allotted PAN as of July 1, 2017, and is eligible to obtain an Aadhaar number, shall link his PAN with Aadhaar. The due date for linking PAN-Aadhaar had been extended multiple times, and the latest date notified was 31-03-2022.
If a person fails to do so, the PAN allotted to him shall be made inoperative after 31-03-2022. However, the CBDT vide Circular No. 07/2022, dated 30-03-2022, granted relief and provided that all the consequences provided under the Income-tax Act for not furnishing, intimating or quoting PAN shall come into effect from 01-04-2023 if PAN becomes inoperative due to non-linking of it with Aadhaar. However, the taxpayer is liable to pay the fee, in accordance with section 234H, if PAN is linked with Aadhar from 01-04-2022 to 31-03-2023.
Now the board has extended the period wherein the PAN, which isn’t linked with Aadhaar, shall not be treated as inoperative. The Govt. granted 3 more months to taxpayers to link their PAN with their Aadhaar without facing any repercussions under the Income-tax Act. There is no relaxation on payment of fees, which shall be levied per section 234H.
To conclude, the PAN of taxpayer shall not be treated as inoperative if it is linked with Aadhaar until June 30, 2023, upon payment of fees under section 234H.
Click Here To Read The Full Press Release
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.
The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:
- The statutory material is obtained only from the authorized and reliable sources
- All the latest developments in the judicial and legislative fields are covered
- Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
- Every content published by Taxmann is complete, accurate and lucid
- All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
- The golden rules of grammar, style and consistency are thoroughly followed
- Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied
Sign Up
To subscribe to our weekly newsletter please log in/register on Taxmann.com
Latest Books
Everything on Tax and Corporate Laws of India
To subscribe to our weekly newsletter please log in/register on Taxmann.com
CA | CS | CMA
