Linking Aadhaar On June 30 And On July 1, 2022? Pay This Much Penalty
The Central Board of Direct Taxes (CBDT) has declared the penalties that you may have to pay if you do not link your PAN card with Aadhaar card.
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The deadline to link PAN with Aadhaar was extended to March 31, 2023 where you had to shell out some penalty as well.
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CBDT had announced it on March 29, 2022.
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According to CBDT, if you did not link PAN with Aadhaar by March 31, you will have to pay a penalty of approximately Rs 1000.
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In this scenario, the PAN would remain functional for another one year till March 2023 for performing activities like filing Income Tax Return (ITR)
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claiming your refunds, and several other I-T procedures.
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Pay this penalty if you link PAN to your Aadhaar on or before June 30
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You will attract a penalty if you link your PAN card with Aadhaar card on or before June 30.
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The charges of penalty has been fixed at Rs 500, according to a circular notice issued by CBDT.
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According to CBDT's circular notice, if you link your PAN with Aadhaar on or after July 1, 2022, you will have to pay a late charge of Rs 1000.
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This is how you need to make the penalty payment .
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