The central government has extended the deadline for linking the Aadhaar number with the permanent account number (PAN) to June 30, 2021, in view of the difficulties arising out of the COVID-19 pandemic. The earlier deadline was March 31. The government had said those who miss the deadline will be liable to pay a penalty of up to Rs 1,000 and their PAN will become invalid.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
The date for issue of notice under Section 148 of Income Tax Act,1961, the passing of consequential order for direction issued by the Dispute Resolution Panel (DRP) and processing of equalisation levy statements has also been extended to 30th April 2021. The government passed the Finance Bill 2021 in the Lok Sabha last week where it inserted a new section 234H under which a person shall be liable to pay a late fee of up to Rs 1,000 in case of non-linking of their PAN with Aadhaar.
Important takeaways for all competitive exams:
India has many cities that are famous for their unique industries, and some of them…
Some deserts are extremely hot, but some remain cold throughout the year. These cold deserts…
In today’s world, news media plays a very important role in sharing information quickly and…
PNB Housing Finance has announced the appointment of Ajai Kumar Shukla as its new Managing…
In a major push towards deepening financial inclusion, the Department of Posts (DoP) and BSE,…
India’s retail inflation, measured by the Consumer Price Index (CPI), increased modestly to 0.71% in…