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Income Tax E-Filing: If you have not been able to link your PAN with Aadhaar by the June 2023 deadline and your PAN is inactive then do not worry, you can still file your income tax return. The Income Tax Department has already clarified that even inactive PAN will remain active. For taxpayers who do not require audit, the deadline for filing returns for financial year 2023-24 (assessment year 2024-25) is July 31, 2024.
Tax2Win CEO and co-founder Abhishek Soni told media reports that if you have not been able to link your PAN with your Aadhaar by the June 2023 deadline and your PAN is inactive, you can still file your income tax return. . , However, Sony clarified that Aadhaar OTP will not be included in the verification process. Instead, you can use alternative methods such as generating Electronic Verification Code (EVC) through net banking, ATM, or other approved means.
How to file ITR if PAN is inactive?
Vijay Bharech, director, Deloitte Haskins & Sells LLP, said in a media report that even if PAN is inactivated, one can still pay income tax and file income tax return (ITR). It is important to note that the process of filing income tax returns is the same even if your PAN is inoperative.
He said that you will have to log in to your account on the Income Tax e-filing portal. Next go to the e-file section, choose the option to file income tax return and proceed with the required details and documents.
Income Tax Refund Processing
If your PAN is inactive then you will have to face many consequences. If you file Income Tax Return (ITR) with an inactive PAN, you will not be able to claim refund or interest on any refund. Linking Aadhaar and PAN is mandatory for refund claim. Vijay Bharech said in media reports that refunds, if any, will not be issued to taxpayers and interest on refunds will be paid only from the date of PAN activation.
Last date to file updated returns is March 31
If you have failed to file your original income tax return (ITR), you still have a chance to file an updated return before March 31, 2024. Taxpayers have the option to file updated returns for any of the assessment years 2021-22, 2022. 23, and 2023-24.