Matter of work: Link PAN with Aadhaar by March 31, if not done, a fine of 10 thousand rupees may be imposed.

The last date for linking PAN with Aadhaar is March 31.  If you do not link your PAN with Aadhaar by March 31, it will become inoperative.  You can be fined Rs 10,000 for using an inoperative PAN.  To avoid this problem, Aadhaar-PAN linking has to be done as soon as possible.  Here we are telling you how you can check whether your PAN is linked with Aadhaar or not.  Whereas if there is no link then how can you link them.

How to check whether Aadhar-Pan is linked or not

First of all go to the official website of Income Tax Department ‘incometax.gov’.

Here at the bottom you will find the option of Link Aadhaar Status, click on it.

After this the next page will open where you have to enter your Aadhaar and PAN number and click on View Aadhaar Link Status.

On clicking on this, information about whether Aadhaar-PAN is linked or not will appear on the screen

Aadhar-pan can be linked online

First of all go to the official website of Income Tax Department ‘incometax.gov’.

In this, the option of Link Aadhaar will be available on the side. Clicking on it will open a new page.

In this, you have to enter the PAN number, Aadhaar number and the name entered in the Aadhaar card and click on the link Aadhaar.

After this the Income Tax Department will put your two numbers in the process of linking.

PAN will be useless if not linked
According to the Income Tax Department, if any PAN card holders do not link PAN with Aadhaar, then their PAN will be declared inoperative. After this PAN will not be used for financial transactions. Also know that if you are withdrawing or depositing more than 50 thousand rupees from your bank account, then you have to show PAN card. In such a situation, if PAN is inactive, you will not be able to do transactions of more than 50 thousand rupees.

Have to pay double TDS
According to CA Abhay Sharma, if a person does not have an active PAN number, then the bank will deduct TDS at the rate of 20% on your income. Along with this, if your PAN has become inactive under the rules and still you use it for bank transactions or elsewhere, then it will be considered that you have not given PAN under the law.

In such a situation, you can be fined 10 thousand rupees under section 272B of the Income Tax Act. It is mandatory to show PAN on demand under section 139A of the Act. However, there will be no penalty for using an inactive PAN for opening a bank account or getting a driving license.