PAN Card Form Penalty

What Happens If You Do Not Link Aadhaar And PAN?

In case you forget to link your PAN Card with your Adhaar then you might get penalized. Here is a list of penalties that will be imposed in case you do not link your PAN Card with your Adhaar:

• A penalty for not linking pan with Aadhar is that your PAN Card becomes useless. This means you won't be able to use your PAN Card information anymore.
• If you are unable to file your income tax returns then you will have to face higher tax deductions. Not only that you might also incur a penalty for not providing your PAN Card details.
• If your PAN Card is linked with your Adhaar then you can also use your Adhaar card instead of your PAN Card. However, the same won't be possible if you have not linked your PAN Card with your Adhaar.
• If you do not link your PAN Card with your Adhaar within the due date then you will also have to pay a fine of Rs. 1000 when requesting for linking your PAN Card with your Adhaar. Additionally, a fine of Rs. 10,000 may also be incurred for failing to file your income tax returns.

What is the Penalty for multiple PAN cards?

In case an individual has a duplicate PAN Card, then the penalty will be a fine of Rs 10,000 under Section 272B of the Income Tax Act.