Link your PAN with Aadhaar by March-end to avoid Rs10,000 fine


The Income Tax department might impose a penalty of Rs 10,000 on those who don’t link their PAN card with Aadhaar card within the deadline of 31 March 2020. The I-T department had earlier said that un-linked PAN cards will become inoperative if not linked with Aadhaar by March 31. If the PAN card becomes […]

Govt can’t make PAN invalid if not linked to Aadhaar till SC judgement: Gujarat High Court


The Gujarat high court said a person’s Permanent Account Number (PAN) does not become invalid for filing income tax returns and making transactions just because it is not linked to their Aadhaar Card. The Gujarat High Court judgement states :“PAN of applicant shall not be declared inoperative and applicant would not be in default in […]

Due date to link PAN with Aadhaar extended to March 31, 2020


The Central Board of Direct Taxes (CBDT) has extended the due date for linking of permanent account number (PAN) with Aadhaar from 31st December, 2019 to 31st March, 2020. The earlier deadline was Tuesday, December 31. This is the third time the due date has been extended. Please follow and like us:

Quoting wrong PAN, Holding more than one PAN can attract a Rs. 10,000 fine


The income tax department may impose a penalty under section 272B of the Income Tax 1961 if anyone is found giving an incorrect PAN number. This provision is applicable when you are filing your income tax return (ITR) or in other cases where it is mandatory to quote PAN card number for carrying out specific […]

Aadhaar card is now mandatory for nominees of your EPF account


Under a new set of rules for making e-nomination of your provident fund account, the Employees’ Provident Fund Organisation (EPFO) has made it mandatory to submit Aadhaar card number of all your nominees. The e-nomination facility allow EPF members to nominate their family members over the organisation’s e-Sewa portal. However, according to EPFO rules, Aadhaar […]

PAN will be generated automatically if a taxpayer uses Aadhaar for filing returns: CBDT


The Income Tax Department will automatically issue PAN to a taxpayer using Aadhaar number for filing returns as part of a new arrangement to link the two databases. According to a notification issued by the CBDT on August 30, a person who furnishes Aadhaar, as they do not have PAN, “shall be deemed” to have […]

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