Income Tax: If you do not link your PAN card and Aadhaar, you will face huge loss, Income Tax Department warns

The Income Tax Department has issued a warning which is for all tax payers. In this warning, the Income Tax Department has said that all tax payers will have to link PAN card and Aadhaar card before 31 in 2024. If Aadhaar card and PAN card are not linked by this deadline, then tax payers will have to pay more TDS or more TCS.

Income Tax Department issued notice

In this regard, the Income Tax Department has also issued a notification on Tuesday. It has been told that by Friday 31st, taxpayers will have to link their PAN card and Aadhaar card. Regarding this warning, the Income Tax Department has also shared a post on social media platform Ek. In this post, it has been said that this work should be completed before the red line. If Shakespeare’s Aadhaar and PAN card are linked, then he can avoid paying more tax. In this notice, the Income Tax Department has also mentioned Income Tax Section 206 AA and 206CC.

You can pay income tax till 31st July

The last date for filing income tax return this year is 31st July. The CBDT had appealed to everyone to get their PAN and Aadhaar card linked. On 23rd May 2024, CBDT had issued a circular in this regard. Along with this, the loss that would be incurred if the PAN card and Aadhaar card are not linked was also told. In this notification, it was told that if the Aadhaar card and PAN card are not linked to each other on time, then double the amount of TDS and TCS will be recovered.

Still around 12 crore PAN cards are not linked with Aadhaar card

According to Section 139 AA of Income Tax, it is mandatory to link PAN card with Aadhaar number. If this is not done then the PAN card will be declared invalid. Let us tell you that before this, many PAN cards have been declared valid after 30 June 2023. According to the information, those who want to link PAN card and Aadhaar card will have to go to the Income Tax e-filing portal. Here you have to go to Link Aadhaar Status and fill the information of PAN card, Aadhaar card and mobile number. Govardhan is that till 29 January 2024, about 12 crore PAN cards in the country were not linked to Aadhaar card.

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