What if Aadhaar is not linked with PAN after March 31ĬBDT has made it mandatory to link Aadhaar with PAN, and failure to do so will render PAN inoperative. Citizens will now have to pay Rs 1,000 as fine to link Aadhaar with PAN by March 31, 2023.Īnd if not done post the deadline, the PAN card will become inoperative, which means it will not be valid to carry out any finance related process like filling in ITR return. After that the government extended the deadline but with a penalty fee. The last date to link Aadhaar with PAN for free was March 31, 2022. There are a few categories of individuals for whom this linkage is not compulsory. While the mandate applies to all Indian citizens, there are some categories of individuals who are exempted from the Aadhaar-PAN linking. Who are exempted from Aadhaar- Pan linking Failure to do so will result in the PAN becoming inoperative.
The linking of Aadhaar and PAN card is required to be done before March 31, 2023. In March 2022, the Central Board of Direct Taxes (CBDT) issued a circular, stating that it is mandatory for all individuals who were allotted a PAN on or before July 1, 2017, to link their Aadhaar number with their PAN. Who will have to link PAN with Aadhaar card In addition, linking Aadhaar with PAN further also helps in eliminating fake and duplicate PANs, thereby increasing the efficiency of the tax system.
Your ITR will be processed by the IT department once it is verified.After linking Aadhaar with PAN, the government can verify the identity of taxpayers, prevent tax evasion, and ensure compliance with tax laws as Aadhaar holds the unique identification number and biometric data of Indian residents. Once ITR-V will reach the CPC Bangalore, you will receive an email confirmation of the same. Send the envelope to the following address within 120 days from the date of filing of ITR: Centralized Processing Centre, Income Tax Department, Bengaluru 560100.No need to submit any supporting documents or annexures along with ITR-V Enclose your ITR-V in a white A4 size envelope and send the envelope either through speed post or ordinary post.For Original and Revised Returns ITR-V, do not print them back to back. Do not write anything on the back of the paper.Barcode and numbers below barcode should be clearly visible in ITR-V Signature of a taxpayer should not be on Barcode. Photocopy of the signature will not be accepted. Do not print any watermarks on printed ITR-V The use of a dot matrix printer should be avoided. Please use the InkJet/ Laser Printer to print the ITR-V.
Make sure that the printed copy is readable. Explore Steps to send ITR V to Income Tax Department, CPC Bangalore
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