Such a PAN card attracts a heavy fine of Rs 10,000, know what are the rules?

If you also have a PAN card, then this news is very important for you. PAN card holders are advised to link their Permanent Account Number (PAN) with Aadhaar card number by 31 March 2022. If you do not link your PAN with Aadhaar before this deadline, then your PAN card can also be deactivated. Apart from this, you will also have to pay Rs 1,000 for linking PAN with Aadhaar.

The problem of a PAN card holder will not end here, as one will not be able to invest in mutual funds, stocks, open bank accounts, etc., where it is necessary to present a PAN card.

Further, if the person produces a PAN card, which is no longer valid, then under section 272N of the Income Tax Act 1961, the Assessing Officer may direct that such person shall pay an amount of Rs 10,000 as penalty.

Links can be made online like this

>> First of all go to the ‘Income Tax’ website.

>> Enter the Name, PAN Number and Aadhaar Number as given in the Aadhar Card.

>> Tick square if only year of birth is given in Aadhar card.

>> Now enter the captcha code.

>> Now Click on Link Aadhaar Button

>> Your PAN will be linked with Aadhaar.

You can link like this through SMS

You have to type UIDPAN on your phone. After this, enter the 12 digit Aadhaar number. Then enter the 10 digit PAN number. Now send the message mentioned in step 1 to 567678 or 56161.

How to activate idle pan

Inactive PAN card can be activated. For this you have to send an SMS. You have to go to the message box and after entering the 10 digit PAN number from your registered mobile, enter the 12 digit Aadhaar number by giving space and SMS to 567678 or 56161.