Late Fees for default in Linking Aadhar with Pan | Income tax latest amendments | Sec 234H #shorts

#aadharpanlink #linkaadharpan
Late fees for non-linking of PAN with Aadhaar is payable as per provisions of section 234H when the following two conditions are satisfied-

Condition 1 – The person is required to intimate (i.e., link) the Aadhaar number under section 139AA(2); and

Condition 2 – The person fails to intimate (i.e., link) the same within the specified due date.
The defaulter will be liable to pay a late fee of a maximum amount of INR 1,000. The said late fees are payable at the time of making intimation as required under section 139AA(2).

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