Link your PAN and Aadhaar by June 30: The Indian income tax department has declared that the deadline for linking Aadhaar and PAN cards is June 30. The Department of income tax added that failure to comply will result in the respective PAN cards becoming invalid on July 1.
The original deadline for linking PAN and Aadhaar was March 31, 2023, but it was extended to June 30, 2023.
Although the deadline has been extended multiple times in the past, users may lose access to mutual fund and stock investment if the PAN is deactivated. This linkage is mandated for investment purposes by Securities and Exchange Board of India (SEBI) regulations. In addition, tax returns cannot be lodged without a PAN.
The PAN may be reactivated after the deadline, but there will be a Rs 1,000 penalty fee.
Exceptions to this rule include “those residing in specified states, a non-resident according to the Act, an individual who is not a citizen of India, or individuals aged 80 years or older at any time during the preceding year,” according to a circular issued by the income tax department in March 2023.
Link your PAN and Aadhaar by June 30: Steps to Attach your Aadhaar to your PAN
Follow these steps to attach your Aadhaar to your PAN. You can determine if this has been completed by accessing the e-filing portal:
- Visit the online submission system.
- Enter PAN and Aadhaar details
- If the two are connected, further action is unnecessary.
- If not, access www.incometax.gov.in using your PAN as your user ID.
- To make a new payment, go to e-file > e-pay tax > New payment.
- Select the income tax tab and the assessment year 2024-25.
- Choose ‘Other invoices (500)’ and proceed
- Rs 1,000 will be entered; select on continue to proceed.
- Select your bank account and continue with payment.
- You can download the receipt by selecting e-File > e-Pay Tax > Payment History from the e-File menu.
- Now, select the ‘Link Aadhaar’ tab on the e-filing portal’s homepage’s left-hand menu.
- Enter your PAN and Aadhaar number and verify the data.
