The government is likely to extend the deadline for linking the permanent account number with Aadhaar by another two-three months, officials said.
The Central Board of Direct Taxes could issue a notification to this effect soon, a government official, privy to the development, told ET.
However, a fee will have to be paid for the period. The last date for linkage of PAN-Aadhaar is March 31, 2023.
The CBDT had, while extending the deadline on March 30, 2022 by one year, set a fee of Rs. 500 for up to three months from 1st April, 2022 and Rs.1000 after that.
It had said after 31st March, 2023, the PAN of individuals who fail to link it with their Aadhaar will become inoperative and all the consequences under the Income Tax Act for not furnishing, intimating or quoting the PAN shall apply to such taxpayers.
The government has already extended the deadline four times.
Quoting Aadhaar is mandatory for filing income tax returns (ITRs) as well as for obtaining a new PAN.
Source from: https://m.economictimes.com/news/economy/policy/government-may-extend-pan-aadhaar-linking-deadline/articleshow/99041488.cms