The deadline for linking PAN and Aadhaar was March 31, 2022, however it has been extended till June 30, 2022, at a charge of Rs. 500. This was once more extended through March 31, 2023, but with a Rs 1,000 fee increase. Thus, there are now extremely less opportunities for further extension. Therefore, it is advised that you link your PAN and Aadhaar by March 31, 2023, at the latest.
Also read: How to check Aadhaar card, PAN card linking status online
There have been many warnings for the deadline to link Permanent Account Numbers (PANs) with Aadhaar by the government, there are very bleak chances of extension as according to tax experts.
Sujit Bangar, Ex-IRS officer and CEO, Taxbuddy.com says, “PAN-Aadhaar linking is very important and government has already extended deadline many times in the past. This time the communication from income tax department was very wide. This has very much increased the awareness about pan and aadhar linking requirement. Therefore, I don’t think any possibility of further extension of deadline of linking of PAN and Aadhaar. “
Abhishek Soni, CEO, Tax2Win.in – an ITR filing website: “The last date of linking PAN- Aadhaar is 31st March 2023 which has been earlier extended many times. Previously, the last date for linking PAN- Aadhaar was 31st March 2022, which has been extended upto 30th June 2022 with a fee of Rs. 500/-. This was again extended till 31st March 2023 with an increased fee of Rs. 1,000/-. So, now the chances are very less for further extension. Hence, it is suggested to link your PAN with your Aadhaar on or before 31st March 2023. If the PAN is not linked with Aadhaar then your PAN will become inoperative and you will not be able to file your ITR and will not be able to perform other financial transactions where PAN is mandatory.”
Yashesh Ashar, Partner, Illume Advisory: The due date for linking Aadhar to the PAN has been extended several times. Depending on the data for compliance with this requirement, CBDT should take a call on extension. However, considering about two cycles of returning filing has crossed during this mandate, the compliance should be high. Hence, there might be no extension on PAN-Aadhaar linking deadline.
If you are one of those who have not yet linked their PAN with Aadhaar, here is how to do it.
How to link Pan-Aadhaar with penalty
Step:1 Visit e-Filing portal Home page and click on Link Aadhaar in Quick Links section.
Step:2 Enter your PAN and Aadhaar Number
Step:3 Click on Continue to Pay Through e-Pay Tax.
Step:4 Enter your PAN, Confirm PAN and Mobile number to receive OTP
Step:5 Post OTP verification, you will be redirected to e-Pay Tax page.
Step:6 Click on Proceed on the Income Tax Tile.
Step:7 Select AY as 2023-24 and type of Payment as Other Receipts and click Continue.
Step:8(a) Applicable amount will be pre-filled against Others.
Alternatively, If you have a Bank account which is not listed for payment through e-Pay Tax, please follow the steps as under:
Step:8b(i) Click on hyperlink given below on e-Pay tax page to redirect to Protean (NSDL) portal
Step:8b(ii) You will be redirected to Protean portal. Click Proceed under Challan No./ITNS 280
Step:8b(iii) Select Tax applicable as 0021 and Type of Payment as 500
Step:8 b (iv) Provide other mandatory details and Proceed.
Please select the Assessment Year 2023-24 for making late fee payment for Aadhaar PAN linkage.
After paying the fees, you can use the e-Filing Portal to link your Aadhaar number to your PAN. Log in to the income tax website, then click Link Aadhaar in the Profile Area under the Link Aadhaar to PAN option.