Last Chance to Link PAN and Aadhaar: Consequences for Non-Compliance
Taxpayers, take note! Today holds immense importance as it marks the final opportunity to link your PAN (Permanent Account Number) with your Aadhaar number. Surprisingly, there are still numerous individuals who have not completed this crucial task.
Taxpayers, take note! Today holds immense importance as it marks the final opportunity to link your PAN (Permanent Account Number) with your Aadhaar number. Surprisingly, there are still numerous individuals who have not completed this crucial task. If you find yourself among those who have yet to link their Aadhaar card and PAN card, exercise caution as there will be substantial repercussions awaiting those who fail to do so.
Pan कार्ड और आधार कार्ड कैसे करे लिंक; जानिए पूरा प्रोसेस; स्टेटस चेक करना भी है आसान@bhilaitimes @yashwantbhilai @UIDAI@IncomeTaxIndia
PART-2: Process#panaadhaarcardlinkingprocess #panaadhaarlinkstatus #PanCard #AadhaarCard #PANAadhaarLinking #bhilaitimes pic.twitter.com/xFxarImjrA
Who is eligible for this final opportunity?
This final opportunity is specifically intended for individuals who have not yet connected their PAN, issued by the Income Tax Department, with their Aadhaar number. The Income Tax Department has officially declared June 30, 2023, as the deadline for linking Aadhaar and PAN cards, known as the PAN-Aadhaar Linking Deadline.
जनहित में जारी!🙂
"Link your PAN & Aadhaar today. Here's What can happen if you don't"
:Explained#PANcard #Aadhaar #linkage
Source: IE pic.twitter.com/wRYxIfB8uq
Consequences of not linking PAN and Aadhaar
Failure to link your PAN with your Aadhaar card by today will result in the deactivation of your PAN card from tomorrow, July 1, 2023. As a result, you will be unable to file your income tax return, and any pending return processes will come to a halt. Moreover, any pending refunds will not be processed. Once the PAN card becomes inactive, pending proceedings cannot be finalized, and you may face a higher tax deduction rate.
PAN-Aadhaar Linking Deadline : 30th June 2023 ✅
⇨ If PAN is not linked with Aadhaar on or before June 30, 2023, PAN Card will be considered as inoperative.#PANcard #Aadhaar #personalfinance #finance #hareepatti pic.twitter.com/uXlTER8zJ4
The linkage of PAN and Aadhaar is of utmost importance as it helps the government in identifying individuals who may be evading taxes or engaging in fraudulent activities. By linking these two identification documents, the government aims to ensure transparency and accuracy in the tax filing system.
Benefits of linking PAN and Aadhaar
Linking your PAN and Aadhaar cards offers several advantages. Firstly, it simplifies the process of filing income tax returns by eliminating the need for physical verification of documents. This streamlined procedure saves time and reduces the chances of errors in tax filing.
Furthermore, the linkage enables faster processing of tax returns and refunds. With the integrated database, the Income Tax Department can promptly verify individuals' financial information, making the tax assessment process more efficient and reliable.
If your Pan card is not linked with your Aadhaar card, then today is the last date to apply.#PANcard #aadharpanlink #Aadhar #taxes #pancard #panaadharlink #Finance pic.twitter.com/QvaCEBPAhC
— Janhavi jaiswal (@janhavijaiswal4) June 30, 2023Additionally, linking PAN and Aadhaar strengthens the government's efforts to curb tax evasion. It allows authorities to track financial transactions and identify individuals who may be underreporting their income or engaging in illicit financial activities.