31/03/2022
Today i.e. 31/03/2022 is the last day for *linking* your *Pan Card* with your *Aadhaar Card*. In case of failure, the assessee will face the following consequences:
1) Pan card become *invalid*
2) When a PAN becomes invalid a penalty of *₹ 10,000.00* may apply as per *section 272B of Income tax Act.*
3) A penalty of *₹ 500.00* will be imposed if PAN is linked with Aadhaar after the due date.
4) Assessee will not be able to file the ITR.
5) Tax deducted at sources will be charged *@ Flat 20%.*
Feel free to contact for any support in this regard.
