New Delhi: Deadline for PAN-Aadhaar linking: There is working news for PAN cardholders. From filing income tax returns to major banking transactions, linking Aadhaar with a PAN card is also essential.
PAN will be invalid
If you do not link it, your PAN will become invalid under Section-139AA of the Income Tax Act. In this, your tax refund can be withheld.
link online like this
1. Visit the Income Tax website.
2. Enter Name, PAN Number and Aadhar Number as given in Aadhar Card.
3. If only the year of birth is given in the Aadhar card, then tick the category.
4. Now enter the given captcha code.
5. Click on the Aadhaar button.
6. Your Aadhaar and PAN will be linked.
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PAN card will become useless on cancellation
Note that if one uses a canceled PAN card during this period, it will be considered as a violation of section 272B under the Income Tax Act. In such a situation, the PAN holder may have to pay a fine of Rs 10000.