In view of the prevailing COVID-19 situation in the country, the central government has extended the deadline for linking Aadhar card to Permanent Account Number (PAN) to June 30.
Earlier, the deadline was March 31. This has now been extended considering the COVID-19 situation.
The Central Board of Direct Taxes (CBDT) in an official notification stated that anyone failing to link PAN to Aadhar card, will result in it being inoperative.
However, it also clarified that in case users link their PAN with Aadhaar Card after the deadline passes, then the PAN card will "become operative from the date of intimation of Aadhaar number."
According to a new section of 234H in the Income Tax Act, 1961, which was introduced during the Budget 2021 session, if a PAN is NOT linked with Aadhaar after the deadline date, then a fine can be levied.
As per the new section, if the PAN is linked with Aadhaar on or after July 1, 2021, then the person will be liable to pay a penalty that cannot exceed Rs 1,000.
In case you haven't linked your Aadhar card and PAN card yet, follow these online steps –