Deductors, collectors won't face higher tax rates under sections 206AA and 206CC for transactions up to March 31, if the deductee or collectee died on or before May 31, 2024
Even if your PAN card is no longer operative, there are certain financial transactions that can still be completed. These transactions, however, will result in a higher TDS and TCS
PAN cards have become inoperative from July 1 for those who have not linked it with their Aadhaar but users still have a chance to make their card operative
It was mandatory to link Aadhaar number with PAN by June 30. As per the CBDT guidelines, if it is not linked, PAN will be inoperative from July 1, 2023
According to the rules, failure to link PAN with Aadhaar results in the PAN card becoming inoperative, leading to various limitations and restrictions.
There is a possibility that an individual's PAN could be inoperative if they have not linked their PAN with Aadhaar
Aadhaar and PAN must be linked by June 30. An inoperative PAN, higher TDS and TCS rates, and no tax refunds are all possible outcomes of non-compliance
PAN-Aadhaar link online: If the two cards are not linked by the deadline, the PAN card will become inoperative
Pan-Aadhaar link last date: Centre had earlier fixed the last date to link the cards as March 31
By paying a fine of 1,000 rupees, you can do PAN-Aadhaar linking by June 30, 2023. The income tax department alerts of demographic mismatch while linking
Taxpayers who have not yet linked their Aadhaar with PAN are advised to complete the process by June 30 to avoid a penalty of Rs 1,000
PAN is essential when it comes to filling tax returns and making investments in mutual funds and stocks, here how to ensure your cards are linked
There are several financial deadlines that taxpayers and bank customers must keep in mind or they lead to fines and penalties
PAN-Aadhaar link: The deadline to link PAN and Aadhaar cards was extended to June 30 on March 28. The earlier deadline was March 31
Pan-Aadhaar link last date: Centre has fixed the last date to link the two cards as March 31
PAN-Aadhaar link last date: The Income Tax Department has fixed the last date to link the two cards as March 31, 2023, but the users will have to pay a penalty of Rs 1,000
PAN and Aadhaar card link last date: The Income Tax Department has fixed the last date to link the two cards as March 31, 2023, but the users will have to pay a penalty of Rs 1,000
From linking PAN card and Aadhaar Card to submission of updated income tax return (ITR), failure to meet these deadlines may lead to financial losses
The Income Tax department Saturday issued an advisory that those permanent account numbers (PAN) which are not linked with Aadhaar by the end of March next year will be rendered "inoperative". "What is mandatory, is necessary. Don't delay, link it today!" the department said in a public advisory. "As per Income-tax Act, 1961, it is mandatory for all PAN holders, who do not fall under the exempt category, to link their PAN with Aadhaar before 31.3.2023. From 1.04.2023, the unlinked PAN shall become inoperative," it said. The 'exempt category', according to a notification issued by the Union Finance Ministry in May 2017, are those individuals residing in the states of Assam, Jammu and Kashmir and Meghalaya; a non-resident as per the Income-tax Act, 1961; of the age of 80 years or more at any time during the previous year and a person not a citizen of India. A circular issued by the Central Board of Direct Taxes (CBDT) on March 30 said once a PAN becomes inoperative, an individual sha
The fee will be Rs 500 for those who link their PAN with Aadhaar between April 1 and June 30, 2022