Govt has collected Rs 600 cr penalty for delay in PAN-Aadhaar linking; 11.48 cr PANs not linked but

The authorities has collected over Rs 600 crore as penalty for delay in linking PAN with Aadhaar, and about 11.48 crore Everlasting Account Numbers are nonetheless not linked with biometric id, Parliament was knowledgeable on Monday. “Variety of PANs not linked with Aadhaar, excluding exempted classes, is 11.48 crore as on January 29, 2024,” Minister of State for Finance Pankaj Chaudhary stated in a written reply within the Lok Sabha.
To a query relating to the main points of presidency incomes by way of late penalty of Rs 1,000 from the individuals who haven’t linked their PAN and Aadhaar after the final date of June 30, 2023, Chaudhary stated “the full assortment of price from individuals who haven’t linked their PAN with Aadhaar is Rs 601.97 crore from July 1, 2023 to January 31,2024”.

The final date for linking PAN with biometric Aadhaar was June 30, 2023.

The Revenue Tax division had stated the PAN of taxpayers who’ve didn’t intimate their Aadhaar shall grow to be inoperative from July 1, 2023 and no refunds can be made in opposition to such PANs. Additionally, TDS and TCS shall be deducted/collected at larger price.

The PAN may be made operative once more by paying a late price of Rs 1,000.

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