Government rakes in Rs 600 crore as penalties from taxpayers` delay in PAN-Aadhar link
![](https://portfolio.investmentguruindia.com/uploads/news/PanAdhar.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
The government has collected over Rs 600 crore as penalties from persons who failed to meet the deadline for linking their PAN with their Aadhaar card, the Parliament was told on Monday.
Minister of State for Finance Pankaj Chaudhary told the Lok Sabha, in a written reply, that the number of PANs not linked with Aadhaar, excluding exempted categories, is 11.48 crore as of January 29, 2024.
The deadline for linking PAN and Aadhaar was June 30, 2023.
The Income Tax Department had stated in its order that PAN cards will become inoperative if taxpayers fail to link their documents with Aadhaar within the deadline. Moreover, no refunds would be made against such PANs. Failure to link PAN with the biometric document would also attract a higher TDS and TCS.
The PAN can be made operative again by paying a after paying a penalty late fee of Rs 1,000.
![](https://portfolio.investmentguruindia.com/uploads/news/Manhar Garegrat_po.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dilip Chenoy, Chairman, Bharat Web3 Association.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Titan Company_.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Indian Statergy_03july.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/coal37.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/ashwini37.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Shrikant Chouhan.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/pharma.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/AutoSec27Feb.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Gas_11Feb.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/uploads/news/Manhar Garegrat_po.jpg)
Expectations from Union Budget 2024 - Web3/Blockchain Sector by Manhar Garegrat, Country Hea...
![Expectations from Union Budget 2024 - Web3/Blockchain Sector by Dilip Chenoy, Chairman, Bharat Web3 Association](https://portfolio.investmentguruindia.com/uploads/news/Dilip Chenoy, Chairman, Bharat Web3 Association.jpg)
![India Strategy : A broad-based beat By Motilal Oswal Financial Services](https://portfolio.investmentguruindia.com/uploads/news/Indian Statergy_03july.jpg)
![SEBI`s regulations for SM REITs likely to drive investor interest towards fractional ownership of real estate assets: Crisil](https://portfolio.investmentguruindia.com/uploads/news/Sebi.jpg)