Missed Aadhaar-PAN Linking? Not Just Hefty Fine, Your Card May Also Get Deleted From Next Year. Have a look on the story for all details on the matter.
The deadline for linking the PAN card with the Aadhaar card has been extended by the income tax department several times.
If you have a PAN card and you are yet to link it with your Aadhaar Card, this news is for you.
The Central Board of Direct Taxes (CBDT) has ruled that Permanent Account Number (PAN) will become inoperative after March 2023 if the cardholder fails to link with the Aadhaar Card before March 2023.
Further, those who have not linked to their Aadhaar by March 31, 2022, could be slapped with a fine of Rs 1000.
Such cardholders, however, will be allowed to use the PAN Card till the time it goes inoperative in 2023.
The deadline for linking the PAN card with the Aadhaar card has been extended by the income tax department several times.
The current last date to link the crucial documents was March 31, 2022 and the date has over.
The Income tax department issued a warning on Twitter for all those who are yet to link their PAN Cards with Aadhaar.
CBDT said that individuals who have been “allotted a PAN Card as of 1st July 2017, and is eligible to obtain Aadhaar Number
On failure to do so, his PAN shall become inoperative and all procedures in which PAN is required shall be halted.