If PAN is not linked to Aadhaar, it will become inactive after June 30, the government took this step
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Aadhaar-PAN Link Deadline: If you have not yet linked your Aadhaar number with PAN (Permanent Account Number), then there is important news for you. That is, the government has decided to increase the last date for linking PAN with Aadhaar by three months. According to media reports, the government has extended the last date for linking PAN with Aadhaar by three months till June 30. Along with this, it has also been said that if Aadhaar is not linked to PAN by June 30, then PAN will become inactive.
It is necessary to link Aadhaar with PAN by June 30.
According to the report of news agency Bhasha, the government has extended the deadline for linking Permanent Account Number (PAN) with Aadhaar by three months to June 30, 2023. This will give taxpayers some more time for this process. Earlier its deadline was 31 March. It has been said in the statement that any person will be able to give information about his Aadhaar number to the concerned authority for linking Aadhaar-PAN.
big relief to taxpayers
Any person who has been allotted PAN as on July 1, 2017 and is eligible to obtain an Aadhaar number under the Income Tax Act, 1961, shall intimate his Aadhaar number to the concerned authority by March 31, 2023, on payment of the prescribed fee. will be needed. Failure to do so may result in fine from April 1, 2023. Now after the deadline has been extended by the government, the taxpayers have got a big relief.
pan will be inactive from 1st july
It is also being said in the media report that now since the deadline for linking PAN with Aadhaar has been extended by the government to June 30, 2023. In such a situation, from July 1, 2023, such taxpayers who have failed to give their Aadhaar information, their PAN will become inactive. So far 51 crore PANs have been linked to Aadhaar.
who is exempted
Media reports also said that PAN-Aadhaar linking is not required for NRIs. In addition, persons who are not citizens of India or senior citizens above 80 years of age and residents of Assam, Meghalaya and Jammu and Kashmir. On March 18, the Income Tax Department had tweeted that as per the Income Tax Act, 1961 it is mandatory for all PAN holders who do not fall in the exempted category to link their PAN with Aadhaar before March 31, 2023.
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