Expanded PAN-Aadhaar Link: The deadline for connecting Aadhaar with PAN would be extended, according to the Central Government. By 30 June 2023, taxpayers will be able to link their PAN with their Aadhaar. The government will soon send out a notification about this. Watch Some Amazing Bromance K-Drama On This Weekend, Read Full News To Know The Top 5 Listed Dramas Here.
According to a press statement from the Finance Ministry, the deadline for tying Aadhaar to PAN has been moved from March 31, 2023, to June 30, 2023, in order to assist taxpayers. Following that, taxpayers may easily link their PANs to their Aadhaars. Until July 1, 2017, everybody who had received a PAN and was eligible for an Aadhaar number was obligated to disclose that number with the tax authorities by March 31, 2023, in accordance with the Income Tax Act of 1961, and to pay the requisite amount.
If this hadn’t been done, the taxpayers would have been subject to penalties starting on April 1, 2023. But as of right present, the cutoff date is 30 June 2023. If a PAN card holder does not link Aadhaar even after this new deadline, his PAN card will cease to function and he would be responsible for the consequences.Know Here The Hollywood Beauty Zendaya’s Net Worth, Car Collection, Music Album, Etc.
Taxpayers who have such a PAN will not be eligible for a refund under this action. For the time the PAN is inactive, no interest will be charged on the return. Such taxpayers will be assessed higher TDS and TCS fees. The PAN will become operational once more in 30 days following the linkage of Aadhaar with PAN and payment of Rs 1,000.
This action won’t be taken and the penalties won’t apply to those who have been excluded from PAN-Aadhaar connection. Those who fall under this group and reside in particular states are considered non-residents under the Act. Also, those individuals who, as of last year, were above 80 years old but are not citizens of India..In accordance with the most recent news reports, Beyoncé and Adidas have mutually decided to part ways.