Very important! Income Tax India has an important message for you

Very important! Income Tax India has an important message for you

The Income Tax Department has issued an important message. The message talks about linking your PAN and AADHAAR. Income Tax Department says that the last date to link PAN & AADHAAR is 31st March, 2020. Moreover, the department confirms that your PAN will become inoperative if you don’t link PAN and AADHAAR. Also, for the convenience of the people who have not linked PAN and AADHAAR yet, the I-T department has released a video tutorial cum step-by-step guide. Income Tax India tweeted, “Have you linked your PAN & AADHAAR yet? If not, better hurry! Last date to link PAN & AADHAAR is 31st March, 2020. To watch the video outlining steps to link PAN & AADHAAR, click here: https://youtube.com/watch?v=PLn4COs8aLM #IncomeTax #PAN #Aadhaar #LinkNow #DoNotMiss.”

How to link your Aadhaar number with your PAN

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Earlier on Feb 14, I-T department had said that Permanent Account Number (PAN) will become inoperative if it is not linked with Aadhaar by March 31, 2020.

The deadline for linking of PAN and Aadhaar has been extended several times and the current deadline ends on March 31, 2020.

Till January 27, 2020, over 30.75 crore PANs have already been linked to Aadhaar. However, 17.58 crore PANs are yet to be linked with the 12-digit biometric ID.

“Where a person, who has been allotted the permanent account number as on July1, 2017 and is required to intimate his Aadhaar number under sub-section (2) of section 139AA, has failed to intimate the same on or before March 31, 2020, the permanent account number of such person shall become inoperative immediately after the said date for the purposes of furnishing, intimating or quoting under the Act,” the Central Board of Direct Taxes (CBDT) had said.

Through a notification, the CBDT amended Income Tax rules and inserted Rule 114AAA, stipulating the “manner of making permanent account number inoperative”.

 

Source:- zeebiz

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