Current Affairs - National - Discussion

Discussion :: National - Latest Current Affairs (Q.No.425)

425. 

Which section of the Income-tax Act 1961 will declare PAN Card as inoperative, if not linked with the Aadhaar by 30 June 2021?

[A]. Section 212A
[B]. Section 234H
[C]. Section 246T
[D]. Section 228D

Answer: Option B

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.

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