Current Affairs - National - Discussion

Discussion Forum : National - Latest Current Affairs (Q.No. 2986)

2021-06-22 National

2986.

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 212A

Section 234H

Section 246T

Section 228D

Answer: Option

Explanation:

As per the new Section 234H of the Income-tax Act 1961, which has been 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.