The Central Board of Direct Taxes (CBDT) has mounted the everlasting account quantity (PAN) and Aadhaar linking deadline to 31 March 2020. Earlier, the final date was December 31, 2019. If you didn’t do that by 31 March, your PAN card could turn out to be nugatory. Even greater than 17 crore PAN card holders haven’t linked each these paperwork.
All PAN holders ought to examine the standing and hyperlink it to Aadhaar on the earliest.
Earlier, the Income Tax Department had mentioned that the PAN card with out Aadhaar may be canceled from subsequent yr. Also, such taxpayers will be unable to file ITR as properly. Under Section 139AA of the Income Tax Act, it’s vital for each citizen submitting ITR to hyperlink PAN and Aadhaar. <! –
If each paperwork will not be linked, then tax refunds of taxpayers may get caught. Also, the earnings tax division may also cancel the PAN card with out Aadhaar hyperlink.