People may face consequences while filling Income Tax Returns if not linked their Aadhaar with PAN clarified the Income Tax Department. Today, August 31, 2017 is the last date for linking your Aadhaar with PAN.
To check if your Aadhaar is linked with your PAN or not, you can simply login into your account on the income tax department’s e-filing website.
Search for ”Profile Settings” tab once you are logged-in into your account and click on it to see whether your Aadhaar number is linked or not. If not, below are the steps to link your Aadhaar with PAN card:
- Visit the Income Tax Department’s e-filing website- https://incometaxindiaefiling.gov.in/ and click on the “Link Aadhaar” option.
- Enter the required details like your Aadhaar and PAN number, your name as mentioned in Aadhaar Card and the captcha code, then click on the ‘Link Aadhaar’ button. (Make sure your name in the Aadhaar card and PAN card is same. In case of any discrepancy, like spelling mistakes, linking will not be possible. In such case, update your Aadhaar details.)
- This is all you need to do to link your Aadhaar with PAN. A successful linking should display a message a s shown in the picture below.
Given below are some of the consequences that you may face if you don’t link your Aadhaar with PAN:
- Your ITR will not be processed
In case your ITR is not taken up for processing, the following will be treated as you have not filled your returns for the financial year 2016-17. You may face consequences for not filing ITR as the return filed will become null and void.
- Income Tax notice and or penalty
You may receive a notice from the Income tax department to file your ITR under section 142(1). A penalty of Rs 5,000 may be imposed by the assessing officer for not filing ITR on time.
- You won’t be able to claim losses
You will not be able to claim losses such as business loss, capital loss, etc.
- No refund shall be granted
Th refunds shall not be granted if ITR is not processed ultimately affecting the processing of refunds.
- You may have to pay heavy interest under section 234 A, B, C will be applicable as the case may be,
i.e., if the tax is payable.