Pan Aadhaar link last date: If the PAN-Aadhaar is not linked a fine will apply

Linked to Aadhaar? If not yet can still be linked with some fine. PAN, Aadhaar affiliation deadline ends March 31. 

However, the Income Tax Department has said that the PAN card will be operational for another year till March 2023. 

ITR filing, tax refund claim, and other IT tasks can be done with the PAN which is not affiliated with Aadhaar. However, if the PAN-Aadhaar is not linked, a fine will apply.

1.  According to the latest circular issued by CBDT, PAN-Aadhaar can be linked by paying a penalty by March 31, 2023. After that the PAN cards that are not connected to the base will not work.
2. Biometric based PAN can be linked by June 30, 2022 with Rs.500, then pay a fine of Rs.1000.
3. If the affiliation process is not completed within the above due date the PAN assigned to the specific person will not work.
4. According to Income Tax Rule 114 AAA, if a person does not work for PAN, Pancard cannot be provided where necessary. This can lead to many problems.
5. It is not possible to file returns with a working PAN. Also, pending returns cannot be processed. Similarly, pending refunds cannot be issued. Also taxed at higher rates.
6. In addition to income tax, there is a possibility of problems in the case of banks and other financial transactions. PAN is also required to complete KYC in all financial transactions.