The Central Government (Government of India) has increased the last date for linking PAN card to Aadhaar from 31 March to 30 June 2020. That is, if you do not link your PAN card to Aadhaar by June 30, then you can get stuck in trouble.
new Delhi. Due to corona crisis and lockdown, if you have not yet linked the PAN card with Aadhaar (Aadhaar Card), then this news is very special for you. Because linking PAN card with Aadhaar is very important. The central government has increased the last date for linking PAN card from Aadhaar from 31 March to 30 June 2020. That is, if you do not link your PAN card to Aadhaar by June 30, then you can get into trouble.
The deadline of June 30 is for some other financial works other than pen card, which is very important to do. By ignoring these works, you will increase the burden on your pocket. Let us tell you what are the financial tasks that need to be settled by June 30.
If PAN and Aadhaar are not linked, then your PAN card will be deactivated. The Central Board of Direct Taxes (CBDT), in its notification dated 13 February, has given information about inactivation of PAN and its use again.
What will happen if not
done- According to CBDT, if your PAN becomes inactive, then you will not be able to use it for financial transactions where it is mandatory to provide PAN. These include investing in fixed deposits, filing income tax returns, etc.
Also, once the PAN becomes inoperative, it will be assumed that the person does not have PAN. However, in case of inactivity of PAN, there will be no impact on the financial transaction you have made earlier.
The law was amended on this in the budget of 2019. If the PAN is not linked to Aadhaar before the new law, it would have affected the financial transactions done earlier before the PAN was considered invalid. The law was changed to protect such transactions.
make the tax is to save these things
are >> if you can invest your tax savings by June 30, the tax saving for the financial year 2019-20.
>> To get tax exemption for this financial year, you can invest in savings scheme to get tax exemption under 80C and 80D. Let me tell you that earlier its last date was 31 March, which the government increased to 30 June.
Last deadline of ITR 30 June
>> If you have to file revised ITR for the financial year 2018-19, then its last deadline is 30 June 2020.
>> Meaning that if you have not filled the ITR till now in the 2018-19 financial year, then you can file the revised ITR by June 30.
>> At the same time, the government has made the last date of giving Form-16 to the employer 30 June.
It is easy to link online. It is easy to link the
alphanumeric permanent account number online through e-filing portal with a 12-digit Aadhaar. One can also send SMS to UIDPAN12digit Aadhaar> 10digitPAN> 567678 or 56161 in a format to link the two.
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