PAN Aadhaar Link Penalty: Various steps are taken by governments to create a transparent system. To deal with banking and many frauds related to it, a rule was made by the government to link PAN and Aadhar card. For this, people were told that they can link PAN with Aadhaar by visiting the website of Income Tax Department, earlier this facility was free but later fees started being charged for it. The deadline was extended several times and now all these deadlines have ended. In such a situation, the question in people’s mind is how now PAN can be linked to Aadhaar.
Why is PAN-Aadhaar linking important?
Now first of all let us tell you why it is so important to link PAN with Aadhaar and why the government made it necessary. In fact, the Income Tax Department told the government that the same PAN has been issued in the name of many people, whereas one person has one PAN number. To avoid this duplication, PAN and Aadhaar were linked.
What was the last deadline?
Not one but several deadlines were given by the Central Government for linking Aadhaar and PAN, after which the last deadline was fixed as 30 June 2023. In this, you could link Aadhaar and PAN with no fine. However, even after this many people did not do this work. After this, those people are facing problems in using many things including banking. Besides, there is also difficulty in getting benefits of government schemes.
Now how to link PAN and Aadhaar?
The PAN card of all those who did not link their Aadhaar and PAN by the prescribed deadline has been deactivated. Now they will face problems in financial services and will also not be able to do any work related to income tax. If you are also included in this list, then you can still link PAN with Aadhaar. For this a penalty of one thousand rupees will have to be paid. You can link PAN to Aadhaar by visiting the Income Tax website. After this your PAN will be activated and you will be able to do financial transactions.
