In the country Pan card Now it is not only a means of paying tax, but it has become a strong pillar of financial identity of every citizen. To open a bank account, to buy property or invest – Pan card Any financial transaction is incomplete without. In such a situation, if your PAN has become inactive and you have not updated it, then be ready for heavy fine.
Over the years, the government has taken tough steps to curb tax evasion. In this Pan card And it has been made mandatory to link the Aadhaar card. If you have yet Pan card If not linked to Aadhaar, it can be inactive.
Also, if you have more than one Pan card If or you have applied for a duplicate pan, your card can still be deactivated. In such cases, the Income Tax Department can also impose a fine of up to ₹ 10,000.
Whose Pan card Not yet link to Aadhaar, PAN is sure to be inactive for them.
If a person has more than one Pan card If, it is considered illegal and strict action can be taken on it.
If you have made PAN by giving false information or have taken PAN in the name of someone else, then it can also become the basis of fine.
Pan card If any necessary information like name, date of birth or address is wrong and you do not update it on time, then an inactivation situation can be created.
If your Pan card There is no need to panic if you are inactive. By adopting the following measures, you can reactivate it:
First of all make sure your Pan card Link to Aadhaar. If not, immediately official website Go to link.
If you have two Pan card If, then go to the website of NSDL or Utiitsl and surrender one of them.
If there is any wrong information in your pan, get it updated online or offline.
Government to stop tax evasion and financial fraud Pan card It has been decided to make the system more transparent. The use of more than one PAN card or fake PAN promotes illegal activities like tax evasion and money laundering.
If you time Pan card If not activated, then you may have to face the following problems:
If you still Pan card If you have not checked the situation, then go immediately and check the status. If a disturbance is found, improve it immediately. The government is now eyeing every person who is ignoring tax rules.
Pan card Now not just a document, but has become the basis of your entire financial life. So if your pan has become inactive, then take important steps today. It is prudent to be aware in time to avoid fine and financial inconveniences of ₹ 10,000.