Link your Pan card to the Aadhaar card.....

 New Delhi: The deadline to link PAN with Aadhaar card is fast approaching. The last date for linking both the documents is 31 March. In case you don’t do it, your PAN will become invalid. In the Finance Bill, 2021, passed by the Lok Sabha on Tuesday, the government has introduced an amendment under which a person will be liable to pay a late fee of up to Rs 1,000 in case of non-linking of PAN with Aadhaar.

 The Finance Bill (Lok Sabha) has inserted a new Section 234H to levy a fee for default in intimating the Aadhaar number. If a person is required to intimate his Aadhaar under Section 139AA(2) and such person fails to do so, they will be liable to pay a fee, as may be prescribed, not exceeding Rs 1,000 at the time of making such intimation.

 Penalty for not linking PAN with Aadhaar by March 31:

 This means that if a person fails to link PAN and Aadhaar by 31 March, they will be liable to pay a fee of Rs 1,000. This fee shall be in addition to the other consequences the person has to face if PAN becomes inoperative due to non-maintenance of Aadhaar.

 Remember that having an Aadhaar card is not only mandatory to get a new PAN card, but it is also a compulsory requirement for the filing of income tax returns (ITR)

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