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PAN-Aadhaar Linking: Know What Happens If Your PAN Card Becomes Inactive

Minister of State for Finance Pankaj Chaudhary said in a written reply in the Lok Sabha in February this year informed that the total collection of fee from persons who have not linked their PAN with Aadhaar is Rs 601.97 crore from July 1, 2023 to January 31,2024.

Pan Aadhaar Linking

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Pan Aadhaar Linking

The Central Board of Direct Taxes (CBDT) had marked the deadline for linking the PAN Card with Aadhaar from as 30 June 2023. Post this, if somebody has not linked PAN with Aadhaar, such PAN cards have been rendered inoperative or inactive.

 

Pan Aadhaar Linking Penalty

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Pan Aadhaar Linking Penalty

But an inoperative PAN Card can be made active by linking it with Aadhaar, although a penalty has to be paid by the person seeking to do so.

 

Pan Aadhaar Linking Penalty

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Pan Aadhaar Linking Penalty

The CBDT had announced this in a notification regarding completion of the PAN-Aadhaar linking system for detecting false PANs, the Finance Act of 2021 inserted a new section 234H to the Act.

 

Pan Aadhaar Linking Penalty

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Pan Aadhaar Linking Penalty

If a person who is required to intimate his Aadhaar under subsection (2) of section 139 AA fails to do so on or before a notified date, he will be liable to pay a fee of not more than Rs 1,000, as may be prescribed, at the time of making intimation under subsection (2) of section 139AA after the notified date, according to this new section.

 

Rs 1000 As Pan Aadhaar Linking Penalty

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Rs 1000 As Pan Aadhaar Linking Penalty

Since 1 July 2023, the government has been levying a fee of Rs 1,000 for linking an inactive PAN Card with Aadhaar card

 

If a person’s PAN becomes inoperative/inactive, it will have THESE consequences

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If a person’s PAN becomes inoperative/inactive, it will have THESE consequences

(i) The person will not be able to file a tax return with an invalid PAN.

(ii) Returns that have not been processed will not be processed.

(iii) Inactive PANs are not eligible for pending refunds.

(iv) When the PAN is inactive, pending processes, such as defective returns, cannot be completed.

(v) As PAN becomes inactive, tax will have to be deducted at a greater rate.

Inactive PAN Card Restoration

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Inactive PAN Card Restoration

If a taxpayer has failed to link their PAN to their Aadhaar, they can inform the prescribed authority of Aadhaar and paying the prescribed price, an inactive PAN can be restored again.

 

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