Whether you have associated your PAN with Aadhaar or not, the deadline is almost here! The Indian government has made special provisions to submit this important PAN-Aadhaar linkage for a final group of people without penal attachment.
This state, as mentioned by the Finance Ministry, allows reimbursement for taxpayers who link their Permanent Account Number (PAN)-which is generated via an Aadhaar enrollment ID-before October 1, 2024. They can continue to link their PAN and Aadhaar free until December 31, 2025.
Government Extends Deadline with New Guidelines
Now under the fresh guidelines by the Central Board of Direct Taxes (CBDT), all eligible PAN holders are expected to submit Aadhaar details to the Income-tax Department, which makes the whole system tax compliant and fraud-resistant.
Who Will Get the Waiver in Fee?
- The free linking benefit is only for the individual:
- People enrolled for their PAN based on an Aadhaar enrollment ID and not on a final Aadhaar number.
- Eligible PAN holders who registered before 1 October 2024.
- A late fee of ₹1,000 shall be imposed for the remaining applicants for PAN-Aadhaar linking.
Why Link PAN with Aadhaar at the Earliest?
- Failing to do so by this deadline could lead to dire consequences.
- Your PAN might become barred, leaving you unable to conduct any monetary transaction.
- You cannot file income tax returns or even apply for income tax refunds.
- A number of bank transactions as well as investments and property deals can become void.
Do not Delay-Get Your PAN Now!
Well, if you qualify for the category, act now to avoid last-minute hassles linking your PAN and Aadhaar, which can be done online through the e-filing portal of the Income Tax Department or the UIDAI website.
Pro Tip: Make sure to recheck everything before submission to avoid errors and delays in the process.
Last Date is 31st December, 2025!
Don’t risk it all, and get your PAN-Aadhaar linking done soon enough-avoid financial hurdles and stay compliant!