How to pay penalty for linking Aadhaar with PAN?
Plz follow below steps to pay the penalty for linking Aadhaar with PAN.
Step 1: Login https://www.incometax.gov.in/iec/foportal/, on Dashboard, in Profile Section under the Link Aadhaar to PAN option, click Link Aadhaar.
Step 2: Enter your PAN and Aadhaar Number.
Step 3: Click on Continue to Pay Through e-Pay Tax.
Step 4: Enter your PAN, confirm PAN and mobile number to receive OTP.
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Who is exempt from linking PAN with Aadhaar?
The individuals who are exempt from linking Aadhaar-PAN linkage are: Residents of the states of Assam, Jammu and Kashmir, and Meghalaya; non-residents as per the I-T Act, 1961; persons aged 80 and above at any time during the previous year; and those ...
Why should you link PAN with Aadhaar?
By linking your PAN with Aadhaar, you are protecting yourself with fraudsters getting multiple cards by misusing your name. The I-T department can detect any form of tax evasion after a taxpayer's PAN is linked with Aadhaar.
Can we activate new account without Pan and Aadhaar linking?
We have made changes in all on-boarding journeys for individuals and Pan which are not linked with Aadhaar will not be able to open new accounts.
Can client still link Aadhaar and PAN and make his PAN operative again?
With an inoperative PAN, the individual cannot file the tax return and cannot receive a tax refund. Nevertheless, an Aadhaar can still be linked with a PAN upon payment of a penalty of Rs 1,000.
How many days it will take to link PAN with Aadhaar?
It takes up to 6-7 days for linking PAN and Aadhaar. Once you have started the linking process by going on the Income Tax Portal, please click on the button below to check the linking status. incometax.gov.in/iec/foportal/