Linking of PAN and Aadhaar is mandatory to get all benefits of income tax exemption.
New Delhi: The income tax department has fixed the time even earlier. Even after that, many people in the country have not yet completed the process of linking Aadhaar and PAN cards. The last time the income tax department fixed the deadline was in March. But at the last moment many people tried to link PAN and Aadhaar card together, the problem occurred in the server. Many could not complete it.
So at the last moment the Income Tax Department announced an extension of another three months. Now that time is about to end. That extended period ends on June 30. However, a penalty of Rs 1,000 has to be paid for linking PAN and Aadhaar at this time. Of course, this fine was calculated from last year. Currently, the income tax department's message with warning, 'If you miss the date, take responsibility'.
Linking of PAN and Aadhaar is mandatory to get all benefits of income tax exemption. According to the Income Tax Department, "According to the Income Tax Act, 1961, except for those who fall under the special exemption list, everyone else will have to link PAN card and Aadhaar card by 30 by 2023. Connect today.” Because PAN cards may become unusable if Aadhaar is not linked. TDS and TCS, both have to be paid at a much higher rate. Also, the taxpayer will not get the refund of allotment due.
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