PAN Card SBI Bank Account Me Link Add Kaise Kare Online/Offline 2022
In such a situation, if you earn interest on your savings above Rs 10,000, the TDS (Tax Deduction at Source) rate will be double that of 20 per cent as TDS on a PAN card bank account is 10 per cent PAN Card SBI Bank Account Me Link Add Kaise Kare Online/Offline 2022.
Also, in case of inoperative PAN card, if you deposit Rs 50,000 or more in your account, in that case, the income tax department has clarified that you will be charged up to Rs 10,000 as penalty. could.
It may be noted that in the Finance Bill, 2021, the government has introduced an amendment under which a person will have to pay a late fee of up to Rs 1,000 in case of non-linking of PAN with Aadhaar.
A new section 234H has been inserted in the Finance Bill to levy charges for default in reporting of Aadhaar number. If a person is required to inform about his Aadhaar under section 139AA(2) and the person fails to do so, he shall be liable to pay such fee, as may be prescribed. Not exceeding Rs.1,000 at the time of reporting.
the documents you have
Of all the documents you have, there are two documents that are most needed. Actually, we are talking about Aadhar card and PAN card. If we want to open an account in a bank, take a loan, get a credit card, etc., we need both these documents.
Meaning that without them, many of our work can get stuck. At the same time, now it is also mandatory to link PAN card with Aadhar card and its last date is very near which is 31 March 2022.
If you do not link it in time, then you may have to face other losses along with a fine of Rs 1 thousand for not linking PAN and Aadhaar with section 234H added in the Income Tax Act 1961. But still people have a confusion about linking PAN and Aadhar card whether it is mandatory for all?
If such a question is going on in your mind too, then let us tell you for whom it is not necessary to link PAN with Aadhaar. If you have not yet linked your PAN card with Aadhar card, then you have to first go to the official e-filing website of Income Tax Department.
Then here on the left side
Then here on the left side, by going to the quick link, click on the link Aadhaar option. After clicking on the link Aadhar option, enter your PAN number, Aadhar number and your full name.
Then enter the OTP received on the mobile and submit. The government has issued new rules related to PAN and Aadhaar in money transactions. According to these, now if you deposit more than Rs 20 lakh in banks and post offices, then it will be necessary to give information about PAN number and Aadhar card.
This limit is for one financial year. That is, if you deposit or withdraw more than Rs 20 lakh in a financial year in a bank or post office, then these documents will be necessary. Apart from this, many transactions have been included in the new rule.
The Central Board of Direct Taxes (CBDT) has issued a notification in this regard on May 10. In such a situation, if you do transactions of large amount, then definitely link PAN and Aadhaar with your bank and post office account.
If you deposit more than 20 lakh rupees in a financial year in more than one bank or post office account, then PAN and Aadhar details will be mandatory. Even if you withdraw more than Rs 20 lakh in a financial year in more than one bank or post office account, the details of PAN and Aadhaar will also be mandatory.
