{"id":300986,"date":"2023-03-23T16:56:00","date_gmt":"2023-03-23T16:56:00","guid":{"rendered":"https:\/\/haftavasool.com\/haftavasool\/blog\/2023\/03\/23\/aadhaar-pan-linking-these-individuals-are-exempt-from-this-mandate\/"},"modified":"2023-03-23T16:56:00","modified_gmt":"2023-03-23T16:56:00","slug":"aadhaar-pan-linking-these-individuals-are-exempt-from-this-mandate","status":"publish","type":"post","link":"https:\/\/haftavasool.com\/haftavasool\/blog\/2023\/03\/23\/aadhaar-pan-linking-these-individuals-are-exempt-from-this-mandate\/","title":{"rendered":"Aadhaar-PAN Linking: These Individuals Are Exempt From This Mandate"},"content":{"rendered":"

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\"Aadhaar-PAN<\/div>\n

PAN not linked with Aadhaar by end of March 2023 to be rendered inoperative.<\/p>\n<\/div>\n

The last day to link a Permanent Account Number (PAN) with Aadhaar is March 31, 2023. According to the income tax department, failure to do so will lead to the unlinked PAN becoming inoperative.\u00a0<\/p>\n

A circular issued by the Central Board of Direct Taxes (CBDT) said once a PAN becomes inoperative, an individual shall be liable for all the consequences under the I-T Act and will have to suffer a number of implications.<\/p>\n

The person shall not be able to file an I-T return using the inoperative PAN; pending returns will not be processed; pending refunds cannot be issued to inoperative PANs; pending proceedings, as in the case of defective returns, cannot be completed once the PAN is inoperative; and tax will be required to be deducted at a higher rate.<\/p>\n

The provisions of the Income-tax Act make it mandatory for every person who has been allotted a PAN to intimate his or her Aadhaar number to the prescribed authority so that the Aadhaar and PAN can be linked.<\/p>\n

However, there are a few people who are exempt from the compulsion. They do not have to mandatorily link their PAN with their Aadhaar.<\/p>\n

As per the 2017 notification issued by the Central Board of Direct Taxes<\/a> (CBDT), the Aadhaar-PAN linkage requirement does not apply to these four types of people.<\/p>\n

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  1. Individuals who reside in the states of Assam, Jammu and Kashmir, and Meghalaya<\/li>\n
  2. Individuals who are Non-Resident Indians (NRIs) as per the Income-tax Act, 1961<\/li>\n
  3. Individual of the age of eighty years or more at any time during the previous year.<\/li>\n
  4. A person who is not a citizen of India.<\/li>\n<\/ol>\n

    The Aadhaar-PAN linking was free before March 31, 2022. A fee of Rs 500 was imposed from April 1, 2022, and was later increased to Rs 1,000 from July 1, 2022.<\/p>\n

    (With inputs from agencies)<\/em><\/p>\n<\/div>\n

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    Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

    [ad_1] PAN not linked with Aadhaar by end of March 2023 to be rendered inoperative. The last day to link a Permanent Account Number (PAN) with Aadhaar is March 31, 2023. According to the income tax department, failure to do so will lead to the unlinked PAN becoming inoperative.\u00a0 A circular issued by the Central […]<\/p>\n","protected":false},"author":1,"featured_media":300987,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[4308,11405,19966,366851,29889,366850],"_links":{"self":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/posts\/300986"}],"collection":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/comments?post=300986"}],"version-history":[{"count":0,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/posts\/300986\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/media\/300987"}],"wp:attachment":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/media?parent=300986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/categories?post=300986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/tags?post=300986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}