PAN card not linked with Aadhaar? You'll have to pay a penalty of ₹6000 to file your income tax returns

Updated : Jul 11, 2023 20:14
|
Editorji News Desk

The last date to link your PAN with your Aadhaar card was 30th June. If you've missed the date, then your PAN card has likely become inoperative and you will face issues in filing your income tax returns. In which case, you will have to shell out ₹6000 to file your ITR. 

According to Income tax dept's website, the old PAN card will not be accepted, which means a taxpayer will have to pay 1000 rupees to activate it again but this process will take 1 month.

While the last date for filing tax return is 31 July. If a taxpayer defaults and the total income is more than Rs 5 lakh, then Rs 5000 late fee will have to be paid. In such a case, if you activate PAN and file the return, then you will have to pay ITR late fee of Rs 5000 and Aadhaar-PAN linking Rs 1000. 

The fine for linking your PAN and Aadhaar can be paid on the National Securities Depository Limited (NSDL) portal by paying the amount. 

Pan card

Recommended For You

editorji | Business

Step-by-step guide to apply for a mortgage loan online with minimal documentation

editorji | Business

Honda Activa 6G: Everything You Need to Know Before Buying

editorji | Business

How much does a ULIP plan really cost? A break-down of all charges

editorji | Business

Centre plans to borrow Rs 8.20 lakh cr from market in first half of FY27

editorji | Business

Reliance denies buying Iranian oil amid US sanctions waiver