What are the consequences of failure to intimate Aadhar Number. Is there any fee for such default? OR Briefly discuss the provisions relating to…

If a person, who has been allotted PAN as on 1 st July, 2017 and is required to intimate his Aadhaar number, has failed to intimate the same on or before 31 st March, 2022, the PAN of such person would become inoperative. A person, whose PAN has become inoperative, would be liable for following further consequences for the period commencing from the date as specified i.e., 1.7.2023 till the date it becomes operative – no refund of any amount of tax or part thereof, due under the provisions of the Act;interest would not be payable on such refund for the period, beginning with the date specified i.e., 1.7.2023 and ending with the date on which it becomes operative;where tax is deductible at source in case of such person, such tax shall be deducted at higher rate, in accordance with provisions of section 206AA;where tax is collectible at source in case of such person, such tax shall be collected at higher rate, in accordance with provisions of section 206CC: Where a person, who is required to intimate his Aadhar Number under section 139AA (2) , failed to intimate the same on or before 31.3.2022, he would be liable for payment of fee in accordance with section 234H read with Rule 114(5A) i.e.,1,000. OR The proviso to section 234C contains the provisions for payment of advance tax in case of capital gains and casual income. Advance tax is payable by an assessee on his/its total income, which includes capital gains and casual income like income from lotteries, crossword puzzles, etc. Since it is not possible for the assessee to estimate his capital gains, or income from lotteries etc., it has been provided that if any such income arises after the due date for any instalment, then, the entire amount of the tax payable (after considering tax deducted at source) on such capital gains or casual income should be paid in the remaining instalments of advance tax, which are due. Where no such instalment is due, the entire tax should be paid by 31 st March of the relevant financial year. No interest liability on late payment would arise if the entire tax liability is so paid.