Income Tax: Even if your PAN card is closed, you can pay tax, know the process..

It is very important to link an Aadhaar card with a PAN card (apply pan card) and for those who could not link both, their PAN card has been closed. If your PAN is inactive then don't worry, you can still file your income tax return (income tax big news). The Income Tax Department has already clarified that even inactive PAN will remain active. For taxpayers who do not require an audit, the deadline to file returns for financial year 2023-24 (assessment year 2024-25) is July 31, 2024.

How to file an ITR if PAN is inoperative?
  Even if PAN is deactivated, any person can pay income tax (income tax news) and file an Income Tax Return (ITR). It is important to note that the process of filing an income tax return is the same even if your PAN is inoperative.

Income tax refund processing
If your PAN is inactive then you will have to face many consequences. If you file an Income Tax Return (ITR) with an inactive PAN, you will not be able to claim a refund or interest on any refund. Linking Aadhaar and PAN is mandatory for refund claims. Vijay Bharech said in media reports that refunds, if any, will not be issued to taxpayers, and interest on the refund will be paid only from the date of PAN activation.

The last date to file an updated return is 31 March
If you 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.

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