AADHAR Link to PAN Last Date Extended to December 31st, 2017 Aadhar is constitutionally not valid, and tax return filers will need to link their Permanent Account Number (PAN) with Aadhaar Date was Extended up to end of this year.
Without linking their Aadhaar with PAN-quoting Adhaar or acknowledgement number for having applied for Aadhaar – the department of Income Tax notes, It had further stated that “income-tax returns filed will not be processed should tax-filers fail to link Aadhaar and PAN on or before August 31. ” The deadline for linking PAN with Aadhaar was previously July 31st but was extended to August-31.
The government of India told the Supreme Court that it was extending the deadline to make Aadhaar mandatory for welfare services in India from September 30th to December 31st, 2017
Who has filed IT Returns On Aug 5 they heard good news. Many tax payers have not filed IRT due to not link up of AADHAR
What happens when Aadhaar not linked with PAN: According to section 142 (1), the IT department will issue notices to submit a return. In addition, the IT department may also impose a penalty of Rs. 5,000. It will impact on the funds to come back, the original refunds may not be taken into consideration by the IT department. You will also charge interest on taxes payable under Section-234A, B and C