Late Fees for Not Linking PAN With Aadhar - Important

Late Fees for Not Linking PAN With Aadhar

If you have already linked your PAN with Aadhar then you need not to read this. The Last Date to Link PAN with Aadhar is 31.03.22.

Late Fees
Rs. 500 for three months from 1.04.2022 (i.e. 3 months from the due date only Rs. 500) and after that Rs. 1000/

In this regard the Income Tax Department has issued “NOTIFICATION” on 29th March, 2022.

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 29th March, 2022
INCOME-TAX

G.S.R. 229(E).—In exercise of the powers conferred by sections 139AA and 234H read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely: ‒

1. Short title and commencement: – (1) These rules may be called the Income-tax (Third Amendment) Rules, 2022.

(2) They shall come into force from the 1st day of April, 2022.

In the Income-tax Rules, 1962 (herein after referred to as principal rules), in rule 114, after sub-rule 5, the following sub-rule shall be inserted, namely: —

“(5A) Every person who, in accordance with the provisions of sub-section (2) of section 139AA, is
required to intimate his Aadhaar number to the prescribed authority in the prescribed form and manner,
fails to do so by the date referred to in the said sub-section, shall, at the time of subsequent intimation of his Aadhaar number to the prescribed authority, be liable to pay, by way of fee, an amount equal to, —

Late Fees for Not Linking PAN With Aadhar

(a) five hundred rupees, in a case where such intimation is made within three months from the date referred to in sub-section (2) of section 139AA; and
(b) one thousand rupees, in all other cases.

Tomorrow is the last date to link PAN With Aadhar, If you haven’t linked till now then watch this video to Link PAN with Aadhar: