Aadhaar PAN Card Link - ITR Filing Missed Due to PAN Aadhaar | ITR Filing - Inoperative PAN #ITR

Aadhaar PAN Card Link - ITR Filing Missed Due to PAN Aadhaar | ITR Filing - Inoperative PAN #ITR

πŸ”’ Haven't Linked PAN-Aadhaar Yet? Watch Out for ITR Filing Impact! πŸ” You might miss filing your Income Tax Return before 31st July. Because your PAN has become inoperative. The ITR deadline is just a few days away, and it may take up to 30 days for your PAN to become active after paying the penalty. So, you might miss the ITR deadline. Let's find out how much you'll have to bear. If your annual income is over Rs 5L and you file ITR after the deadline, you'll face a penalty of Rs 5,000, plus Rs 1,000 for PAN-Aadhaar linking. A total of Rs 6,000 setback. If your income is less than Rs 5 Lakhs, the penalty will be Rs 1,000, and you'll need to pay Rs 2,000 for filing belated ITR. On top of that, if you have tax liabilities and file belated ITR, you'll also have to pay interest on the unpaid tax amount. It's crucial to link your PAN and Aadhaar, especially for filing your Income Tax Return (ITR). Here's why: πŸ“Œ ITR Filing Mandatory: The government requires PAN-Aadhaar linking for successful ITR filing. Unlinked accounts may lead to filing challenges. πŸ“Œ Processing Delay: Not linking PAN-Aadhaar can cause processing delays in your ITR, leading to delayed refunds and compliance issues. πŸ“Œ Invalid ITR: Incomplete PAN-Aadhaar linking can invalidate your ITR, resulting in penalties and legal consequences. πŸ“Œ Missed Tax Benefits: Proper linking ensures you avail tax benefits and deductions as per your Aadhaar-linked information. Take action now! Link your PAN with Aadhaar online or offline for hassle-free ITR filing. Stay tax-compliant and informed! πŸ“πŸ’Ό #ITRFiling #PANAadhaarLinking #TaxCompliance #IncomeTax #StayInformed #TaxTips