31st March is the last date of PAN-Aadhar linking
31st March is the last date of PAN-Aadhar linking. If anyone fails to do it, their permanent account number will be inoperative from 1st April. PAN-Aadhar linking is important for allowing transactions wherever quoting of PAN is required. Such customers will be affected and have to give a penalty of 1000 rupees as per the finance bill 2021.
The finance bill was passed earlier this month by the parliament. The government has passed a finance bill, where it inserted a new section- ‘234H’. According to this section "Without prejudice to the provisions of this Act, where a person is required to intimate his Aadhaar number under sub-section (2) of section 139AA and such person fails to do so on or before such date, as may be prescribed, he shall be liable to pay such fee, as may be prescri...
