Those who are linking the PAN and Aadhaar now are required to pay a penalty of Rs 1,000. If someone fails to link the two documents will have several consequences
The last day to link PAN with Aadhaar is March 31, 2023. According to the income tax department, failure to do so will lead to the unlinked PAN becoming inoperative.
Somanathan said Indians must be proud of the fact that Aadhaar was created by India, not copied from the western world
Aadhaar-PAN Card Linking: From 1st July, 2023, the PAN of taxpayers who have failed to intimate their Aadhaar, as required, shall become inoperative
How to link PAN with Aadhaar: If investors don't comply and do the needful on or before the notified date, the Permanent Account Number would become inoperative
The Ministry of Electronics and IT (MeitY) said it is withdrawing the press release as it can lead to misinterpretation.
Aadhaar-PAN Linking: Even Securities and Exchange Board of India (SEBI) has asked investors to ensure that their PAN Card is linked with Aadhaar by March 31, 2023
The last date for linking Permanent Account Number (PAN) with biometric Aadhaar is March 31, 2022. Not adhering to the deadline will lead to PAN becoming inactive