9911796707
TMI BlogAmendment to the provisions of Income-tax Rules, 1962 for prescribing fees under section 234H of the Income-tax Act, 1961X X X X Extracts X X X X X X X X Extracts X X X X ..... Amendment to the provisions of Income-tax Rules, 1962 for prescribing fees under section 234H of the Income-tax Act, 1961 X X X X Extracts X X X X X X X X Extracts X X X X ..... hority on or before 31st March, 2022. On failure to do so, his PAN shall become inoperative and all procedures in which PAN is required shall be halted. The PAN can be made operative again upon intimation of Aadhaar to the prescribed authority after payment of a prescribed fee. In order to mitigate the inconvenience to the taxpayers, as per Notification No.17/2022 dated 29th March, 2022, a window ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of opportunity has been provided to the taxpayers upto 31st of March, 2023 to intimate their Aadhaar to the prescribed authority for Aadhaar-PAN linking without facing repercussions. As a result, taxpayers will be required to pay a fee of ₹ 500 up to three months from 1st April, 2022 and a fee of ₹ 1000 after that, while intimating their Aadhaar. However, till 31st March, 2023 the PA ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... N of the assessees who have not intimated their Aadhaar, will continue to be functional for the procedures under the Act, like furnishing of return of income, processing of refunds etc. A detailed Circular No.7/2022 dated 30.03.2022 has also been issued in this regard. After 31st March, 2023, the PAN of taxpayers who fail to intimate their Aadhaar, as required, shall become inoperative and all th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e consequences under the Act for not furnishing, intimating or quoting the PAN shall apply to such taxpayers. X X X X Extracts X X X X X X X X Extracts X X X X
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