The last date of linking PAN with the Aadhaar Card is 31 March 2022. If it is not done before the deadline, the PAN card will be disqualified or get invalid. Under section 272B, the use of an invalid PAN card can result in a fine of up to Rs 10,000. At the same time, TDS on bank deposits will double.
To avoid all this, Aadhar-PAN linking needs to be done as soon as possible. If you still don’t know then this is for you that Aadhaar and PAN can be linked online. All you have to do is:
- Go to the official website of the Income Tax Department.
- You will see the option of Link Aadhaar available on the side of the page, by clicking on it a new page will appear.
- Now enter your Aadhaar number, PAN number, name on 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.
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If the PAN card is not linked with the Aadhaar before the deadline, it will be declared inoperative. You need to show a PAN card in your bank if you want to do a bank transaction of more than 50 thousand rupees. And if the PAN is inactive, you will not be able to do transactions of more than 50 thousand rupees.