Hyderabad, May 30 (Maxim News): Linked your PAN to your Aadhaar card immediately because the deadline to link PAN to the Aadhaar card is June 30.
All PAN cards that are not linked will become inoperative as of July 1, 2023. According to a statement from the Central Board of Direct Taxes (CBDT).
The Central Board of Direct Taxes (CBDT) regulation states that “Rule 114AAA of the Income Tax Rule provides that, if the PAN of a person becomes inoperative, they will not be able to furnish, intimate or quote their PAN and shall be liable to the consequences under the act for such failure.
Before march 31, 2023, individuals who linked their PAN to their Aadhaar card did so for free, those who did not would be fined Rs. 1,000. If the individual fails to link PAN to aadhaar, it will become inoperative from July 1, 2023.
If you do not link your PAN to your Aadhaar by the deadline, your PAN will become inoperative. This means that you will not be able to use your PAN for any financial transactions, such as filing your income tax return or opening a bank account. (Maxim News)
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