Updated: March 31, 2022 12:25:27 am
The Income Tax department on Wednesday said that taxpayers who had not yet linked their Aadhaar cards with their Permanent Account Number (PAN) and did not do so by March 31 would be required to pay a penalty between Rs 500 and Rs 1,000 after Thursday.
The Central Board of Direct Taxes said a late fee of Rs 500 will be levied in cases where the Aadhar is linked within the next three months or by June 30, 2022. A fine of Rs 1,000 will be levied thereafter.
Non-linking of PAN with Aadhaar will lead to the former becoming inoperative after March 31, and it will be re-operationalised only after paying penalties, it said. According to official data from the income tax department, around 50 crore PAN have been linked with Aadhar to date.
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