The Authorities has collected over ₹600 crore as penalty for delay in linking PAN with Aadhaar, and about 11.48 crore Everlasting Account Numbers are nonetheless not linked with biometric identification, the Parliament was knowledgeable on February 5.
“Variety of PANs not linked with Aadhaar, excluding exempted classes, is 11.48 crore as on January 29, 2024,” Minister of State for Finance Pankaj Chaudhary mentioned in a written reply within the Lok Sabha.
To a query concerning the small print of Authorities incomes via late penalty of ₹1,000 from the individuals who haven’t linked their PAN and Aadhaar after the final date of June 30, 2023, Mr. Chaudhary mentioned “the overall assortment of charge from individuals who haven’t linked their PAN with Aadhaar is ₹601.97 crore from July 1, 2023 to January 31,2024”.
The Revenue Tax division had mentioned the PAN of taxpayers who’ve did not intimate their Aadhaar shall change into inoperative from July 1, 2023 and no refunds could be made towards such PANs. Additionally, TDS and TCS shall be deducted/collected at increased fee. The PAN will be made operative once more by paying a late charge of ₹1,000.