Home |PAN Card | What is the consequence of using inoperative PAN?

What is the consequence of using inoperative PAN?

Answer Notify Me - 1 Notifying - 2



Ramesh Ramesh
Answered on March 18,2020

According to income tax laws, if an individual's PAN becomes inoperative because of not linking with Aadhaar by March 31, and such person is required to furnish, intimate or quote PAN, then it shall be deemed that she/he has not furnished/intimated/quoted PAN and will be liable for all consequences under the Income Tax Act.

When a PAN has become inoperative, it will be assumed that PAN has not been furnished/quoted as required by the law and a penalty of Rs 10,000 apply as per section 272B of the Income Tax Act.

Clap Clap 7
Share Share Answer Share Share
Views 45 views
tesz.in
Hey , can you help?
Answer this question

    • Related Questions