Heavy penalties are in store for those who have not linked their PAN and Aadhaar. The last day to do this to escape the penalties is March 31, 2022.
The CBDT notification from February 2021 mentions that once the PAN has been linked with Aadhaar, it will become operative again from the date on which PAN has been linked with Aadhaar.
If you fail to link your PAN with your Aadhar by June 30, 2021, then your PAN will become inoperative and you could also be fined for Rs 1000.
It is now mandatory to link PAN Card with Aadhaar Card for income tax purposes.
Banks and other institutions will make backend upgrades to allow acceptance of Aadhaar in all places where quoting PAN is now mandatory.
Finance Minister Nirmala Sitharaman presented the Union budget on Friday and said the NDA government had set the ball rolling for a "new India" in its first term, saying there is a lot to cheer about for the middle class.
It is estimated that as many as 4 lakh people update their Aadhaar details every day, while enrolments stand at about one lakh.
"The deadline for the PAN-Aadhaar linking has already been extended by the CBDT to March 31 next year, as per an order issued on June 30 this year," according to an official.
Sharma on Saturday challenged everyone to show how mere knowledge of the unique 12-digit number could be used to harm him, triggering a deluge of tweets that claimed to disclose his personal details from PAN to mobile number
The Central Board of Direct Taxes (CBDT), which frames policy for the department, issued a notification yesterday that provides a new tick box for the transgenders to apply for the PAN.
A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.PTI Photo
Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.PTI Photo
A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.PTI Photo
Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
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