PAN Aadhaar Link : For a long time the people by the Govt PAN cardis being asked to link with Aadhaar card. Now PAN and Aadhaar The last date for linking is also approaching. In such a situation, if PAN is not linked with Aadhaar under this decision of the government, many problems may be faced. The official deadline for linking Permanent Account Number (PAN) with Aadhaar card is March 31, 2023. Only counting days are left for this.
The PAN card will be deactivated
Failure to complete this process will render the unlinked PAN inactive, according to the Income Tax Department. Those who have not yet linked their PAN card with their Aadhaar should complete the process soon as the last date is near. Everyone is required to complete the steps properly by 31st March. Everyone should pay attention to the latest announcements.
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It is important to note that a circular issued by the Central Board of Direct Taxes (CBDT) states that once the PAN is deactivated, the individual has to face all the consequences under the IT Act. They face various problems so it would be better to link both the IDs within the last date i.e. March 31, 2023.
- You cannot file ITR using inactive PAN
- Your pending return will not be processed.
- In case of defective return your pending action will not be completed.
- Tax will be deducted from the higher rate.
Link PAN card with Aadhaar
It is important to note that the provisions of the Income Tax Act state that all individuals must link their PAN card with their Aadhaar card. Everyone should pay attention to the latest announcements otherwise you will face the problems mentioned above.
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