Consequence of not linking PAN with Aadhaar

Consequence of not linking PAN with Aadhaar


What if You have not linked your PAN with Aadhaar

Consequence of not linking PAN with Aadhaar

What if you have not linked your pan with Aadhar then you will not be able to file your Income Tax Return.

Apart from this in the recent Finance Bill (2) 2019, as per section 139AA(2) the PAN allotted to a person shall be deemed to be deactivated, in case the person fails to link the Aadhaar number with PAN, on or before the notified date.

In summaries way, if you do not link your PAN with Aadhaar on or before the Due Date then
1. You will not be able to file your ITR ( Income Tax Return)
2. You, PAN Will, be invalid after 30th September

Along with this in Section 139AA Interchangeability with PAN 

As per section 139A(1) of the Act every person specified in the section, who does not have a PAN, shall apply for allotment of PAN.

In many cases, persons entered in many transactions where they do not have PAN so these transactions will be out of the ambit of the Income Tax Department. So for also covering these transactions, a new clause (vii) has been inserted. As per this clause if any person wants to enter in the specified transaction then he shall apply for PAN.

For compliance of the provision, the inter-changeability of PAN with the Aadhaar number is proposed. For this, the provisions of the said section are proposed to be amended to provide that,-
  1. every person who is required to quote his PAN under the Act, and who, does not have a PAN but having the Aadhaar number, may furnish or intimate or quote his Aadhaar number in place of PAN, and such person shall be given a PAN in the prescribed manner;
  2. every person who has linked his PAN with his Aadhaar number as per section 139AA may quote his Aadhaar number instead of a PAN. 
As per Section 139A, every person, receiving a document relating to specified transactions for which PAN is required to be quoted shall ensure that PAN is quoted in documents. As per proviso of the said section also proposes person receiving the documents related to specified transactions shall ensure that PAN or Aadhar number shall be quoted.


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Saral Tax India | सरल टैक्स इंडिया: Consequence of not linking PAN with Aadhaar
Consequence of not linking PAN with Aadhaar
What if You have not linked your PAN with Aadhaar
Saral Tax India | सरल टैक्स इंडिया
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