Скачать или смотреть Refund is on hold u/s 139AA (2) of the Income Tax Act, 1961 | Section 139AA(2) of the Income Tax

Refund is on hold u/s 139AA (2) of the Income Tax Act, 1961 | Section 139AA(2) of the Income Tax
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Your return for the A.Y. 2024-25 has been processed u/s 1431a on 20-Jul-24 and the net refund has been determined. However the determined refund and interest u/s 244A thereon will be on hold as per section 139AA(2) of Income Tax Act, 1961 read with rule 114AAA, as your PAN is inoperative since your PAN is not linked to Aadhaar.

Kindly link your Aadhaar with PAN using the following path: https://eportal.incometax.gov.in/iec/...

In case the above-mentioned PAN pertains to a deceased Tax payer, please ensure the Legal Heir's PAN is linked with Aadhaar (by following the above mentioned link) and later raise a refund reissue request for this deceased Tax payer's Refund through Legal heir's login.

Note:
1. This communication does not apply to individuals exempt from Aadhaar PAN linking as per relevant CBDT notification.
2. In case taxpayer falls under the exempt category, please refer to FAQ related to Aadhaar PAN linking available in EF 2.0 portal for procedure to update PAN status.

Disclaimer: Please ignore this communication if you have already linked your PAN to Aadhaar.

Questions and answers :
Q. 1. What is 139AA (2) of Income Tax Act 1961 ?
Answer : Section 139AA of the Income Tax Act, 1961, introduced by the Finance Act 2017, mandates linking of Aadhaar with PAN. The section came into effect from 1st July 2017, making it mandatory for all taxpayers to link their Aadhaar with PAN to file their ITRs.

Q. 2. What is the penalty for filing 139 2 of Income Tax Act?
Answers : Taxpayers who file their ITR after the stipulated due date are subject to a penalty of ₹5,000 as per Section 234F. However, the penalty will not exceed ₹1,000 if the total income of the assessee does not exceed ₹5 lakh. Penalties do not apply to tax returns that are not obligatory under Section 139(1).

Q. 3. Who are exempted from PAN Aadhaar linking?
Answers : PAN Aadhaar Link Penalty And What Happens If Pan Card Is Not ...
Super senior citizens (aged above 80 years) are exempted from linking PAN with Aadhaar. Thus, their PAN card will not be operative after 1st July 2023 even if they have not linked with an Aadhaar card. Is PAN-Aadhaar linking free? No.

Q. 4. Is linking Aadhaar to PAN mandatory for filing ITR?
Answer : Your PAN will become inoperative if you do not link it with Aadhaar till 30th June 2023. However, people who fall under the exempted category will not be subject to the effects of PAN becoming inoperative.

Q. 5. What is Section 139 2 of the Income Tax Act?
Answer : Understanding Section 139(2) of Income Tax Act Section 139(2) of the Income Tax Act mandates that every person whose total income exceeds the basic exemption limit is required to file their income tax return on or before the due date.


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