MM TAX CLUB

After introduction of Aadhar card government given many deadlines to link aadhar with PAN but the deadlines are extended every time in lieu public interest and then due to the covid pandemic.

Now rather to extend due date government is set to penalize citizens who will not link their aadhar with PAN within current deadline which is 31^st March 2022.

Central Board of Direct Tax (CBDT) in its Notification number 17/2022 dated 29-03-2022 notifies penalty for not linking aadhar with PAN in two phased manner as under;

The extract of the notification can be read here as under;

In exercise of the powers conferred by sections 139AA and 234H read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely: ‒

1. Short title and commencement: - (1) These rules may be called the Income-tax (Third Amendment) Rules, 2022.

(2) They shall come into force from the 1st day of April, 2022.

2. In the Income-tax Rules, 1962 (herein after referred to as principal rules), in rule 114, after sub-rule

5, the following sub-rule shall be inserted, namely: —

“(5A) Every person who, in accordance with the provisions of sub-section (2) of section 139AA, is

required to intimate his Aadhaar number to the prescribed authority in the prescribed form and manner, fails to do so by the date referred to in the said sub-section, shall, at the time of subsequent intimation of his Aadhaar number to the prescribed authority, be liable to pay, by way of fee, an amount equal to, —

1. five hundred rupees, in a case where such intimation is made within three months from the date referred to in sub-section (2) of section 139AA; and
2. one thousand rupees, in all other cases.”.

3. In the Principal rules, in rule 114AAA, —

(a) in sub-rule(1), for the figures “2020”, the figures “2022” shall be substituted;

(b) after sub-rule (2), the following proviso shall be inserted, namely:-

Download Notification

Watch Video