Thousands Of PAN Card Users May Face Penalty Worth Rs 1000 From Today

Do you have a PAN card? If yes then hurry up because today is the last day to update your PAN card or else you have to pay a fine worth Rs 1000 later. This is what the official notice by Income Tax Department says following which thousands of users landed on the official website today to complete the process.

And if you are one among them, today is your bad luck.

Pan-adhaar link
via:thefinancialexpress

Many struggled to even open the homepage of the website of Income Tax because the site has crashed due to heavy traffic on Wednesday morning. This has raised tension among the users as the amount of fine is pretty much high and PAN being one of the essential documents will become inoperative after 31st March as per the official notice.

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Users are worried about the consequences but the inability to even open the website is becoming a ground to criticize the government. Some users even believe that is the tactic of the government to receive hefty amounts from the public in the name of the penalty.

Here is how the internet is reacting to the whole issue.

Every story has two sides; Users should have done it before as enough time was given by the government. The official notice was issued even a year ago when the deadline was 30th June 2020. Due to the pandemic, it was extended till March failing to which can attract the following consequences:

  1. Late fees up to Rs 1,000 as per the Section 234 H of the new Finance Bill
  2. Inoperative PAN Card will make it difficult to file Income Tax failing to which can also bring legal consequences
  3. Restriction on any financial transaction
  4. A further penalty of Rs 10,000 assuming the non-issuance of PAN Card

Thus, it is mandatory to link for which users have two options. Either they can directly do it via the official website or SMS.

Here are the steps:

1. Open the e-filling portal
2. Go to the Link Adhaar section
3. Fill in the mandatory details correctly like your name, adhaar number, and PAN card number
4. Verify the CAPTCHA and click on the Link button
5. The process ends with a confirmation message on the screen

In case you are opting for the second method, use your registered mobile number to send your adhaar number and PAN number with space in between and send an SMS to 56161 or 567678 for linking. And those whose documents are already linked can check the Link Adhaar status from the official website.

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