Multiple Choice Questions on Which section of the Income tax Act 1961 will declare PAN Card as inoperative if not linked with the........... for General Knowledge ( All Exams) Preparation

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Multiple Choice Questions

Which section of the Income tax Act 1961 will declare PAN Card as inoperative if not linked with the...........

Current GK ( Master) Indian Economy
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    Which section of the Income-tax Act 1961 will declare PAN Card as inoperative, if not linked with the Aadhaar by 30 June, 2021 ?

    Section 234H

    Correct Answer

    Section 212A

    Incorrect Answer

    Section 228D

    Incorrect Answer

    Section 246T

    Incorrect Answer
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    Explanation:
    • As per the new Section 234H of the Income-tax Act 1961, which has been recently introduced during Budget 2021, the PAN cards which are not linked to Aadhaar after June 30, 2021, would be declared “inoperative”, as well as a penalty of Rs 1,000 may also be imposed.

    By: Rohit Middha
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