Pan Aadhar Card Link. If you have not got your PAN card linked with the Aadhaar number, then do not delay it, as it may have to be fined after June 30. According to the new rule made under the Income Tax Act, there is a provision for a fine of Rs 1,000 in case the PAN card is not linked to Aadhaar.
A fine of 1000 rupees will be levied
According to Chartered Accountant CK Mishra, Section 234H has been added to the Income Tax Act through Finance Bill 2021, according to which a provision of penalty of Rs 1,000 has been made for not linking the PAN card to Aadhaar within the stipulated time. Previously, the deadline for this deadline was 31 March 2021. But the Central Board of Direct Taxes has now increased it to 30 June 2021.
Link can be sent by sending SMS
This task is not difficult, because sending an SMS also links the Aadhaar with the PAN card. You can link PAN to Aadhaar by sending a message from your mobile. For this, you have to write your 12-digit Aadhaar number after giving space after UIDpan. After this, giving the space again, a 10-digit PAN number will be written. Then it has to message 567678 or 56161. In this way, after the banking PAN is linked, the Income Tax Department can extract the details of all the transactions done by the concerned person with the banks, if necessary.