Thursday, November 21, 2024

Do this thing with PAN Card now! otherwise government will take strict action

It is significant to note that a Central Board of Direct Taxes (CBDT) circular specifies that after the PAN card expires, a person is subject to all of the IT Act’s penalties. They will encounter a number of issues, thus it would be best to link the PAN and Aadhaar cards before the deadline.PAN Card

A PAN Card may not be active.

The integration of PAN and Aadhaar cards has become crucial. The government has long provided information to the public on tying PAN cards and Aadhaar cards together. People only have a short time left to link their PAN cards with their Aadhaar cards. If the PAN card and Aadhaar card are not linked PAN card will not work.

PAN Card

The Income Tax Department has extended the deadline

for linking PAN cards and Aadhaar cards until June 30, 2023, leaving only a few days remaining. If this is the case, individuals whose PAN is not connected to their Aadhaar card may do so by paying a fine of Rs 1000 by June 30, 2023. In such a case, there are currently only 45 days remaining to finish this work.

PAN Card

This will occur if the Aadhaar-PAN Card linkage is not done.

  • An inactive PAN cannot be used to submit an ITR.
  • Your unprocessed returns won’t be handled.
  • Your ongoing activity won’t be finished if the returns are defective
  •  The higher rate will be reduced by the tax.

PAN Card

Linking of PAN and Aadhaar Cards

It is significant to note that the Income Tax Act’s requirements mandate that everyone link their PAN card and Aadhaar card. If anyone wants to avoid the repercussions indicated above, they should all pay attention to the most recent announcements.

Read More: Basic pay for central employees will increase to Rs 27,000! 

🔥🔥 Join Our Group For All Information And Update, Also Follow me For the Latest Information🔥🔥
🔥 YouTube                 Click Here
🔥 Facebook Page                 Click Here
🔥 Instagram                 Click Here
🔥 Telegram Channel                  Click Here
spot_img
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Latest

Get this PAN Card work done before this deadline or you won’t be able to avoid the penalty

If you haven't already, link your PAN Card & Aadhaar card as soon as possible. The deadline for free PAN and Aadhaar linking is...

Attention! Aadhaar- PAN Card not linked yet, Income Tax Department said this

The income tax department has once more urged people to link the two important documents even though the new deadline of June 30, 2023,...

Government’s ultimatum! Finish this work related to PAN Card in 10 days

There are numerous governmental tasks that must be completed on schedule. If these tasks are not completed on time, many challenges could have to...

Your money transactions may stop! do this work of PAN Card within 2 weeks

Numerous such crucial tasks must be completed on time; otherwise, issues must be resolved in the future. Out of these tasks, one vital task...

Changing a name and DOB on a PAN Card is now simple! know here how to do it online

PAN cards are necessary everywhere in order to open a bank account or file an income tax return. On the Income Tax website, you...

Most Popular

Subscribe

* indicates required