New PAN application if Aadhaar PAN Not linked
This query is : Resolved
11 February 2023
Hi ,
There are crores of people in India who have PAN. Most of them who are below or just above BPL line may not be knowing the overall importance of PAN. They might be holding it unknowingly as they would be having a bank account. Most of them might be unaware of PAN-Aadhaar linking on IT portal.
If Aadhaar and PAN are not linked there is fine of Rs.1000 and sooner if not linked, PAN will be inoperative.Fine of Rs.1000 might seem a small amount but would matter to these people and if PAN becomes inoperative they may come to know about it later while for trying some financial transaction or taking some government benefit.
What is the remedy for this ?
Can they still apply for a new PAN if it gets inoperative?
There are crores of people in India who have PAN. Most of them who are below or just above BPL line may not be knowing the overall importance of PAN. They might be holding it unknowingly as they would be having a bank account. Most of them might be unaware of PAN-Aadhaar linking on IT portal.
If Aadhaar and PAN are not linked there is fine of Rs.1000 and sooner if not linked, PAN will be inoperative.Fine of Rs.1000 might seem a small amount but would matter to these people and if PAN becomes inoperative they may come to know about it later while for trying some financial transaction or taking some government benefit.
What is the remedy for this ?
Can they still apply for a new PAN if it gets inoperative?
11 February 2023
Government would come out with some option, when the situation may get worst.
As on today the deadlines have been extended for numerous times.
As on today the deadlines have been extended for numerous times.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CLOSING STOCK QUERY
- Gst on travel by air for business purposes
- GST ISD Query on various AMCs
- Query regarding reporting of exempt foreign remuneration in ITR
- Rent claimed on building given on permissive possession basis
- Taxation on Old jewellery sold
- PF wage ceiling
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- Query regarding Item 61/62/63 vs Item 64 in ITR-3
- Short Term Gain Reporting ITR
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
