PAN Aadhaar linking final date prolonged by the federal government on March 28
The deadline to hyperlink the Permanent Account Number (PAN) with the Aadhaar card has been prolonged until June 30, 2023
PAN-Aadhaar Link: The final date for linking PAN with Aadhaar is prolonged to June 30, 2023. The extension comes just a few days earlier than the present deadline was set to run out on March 31.
PAN playing cards which aren’t linked with Aadhaar will grow to be inoperative from July 1, the finance ministry famous. The penalties might be that “no refund shall be made in opposition to such PANs”, “interest shall not be payable on such refund for the period during which PAN remains inoperative”, and “TDS and TCS shall be deducted at increased price”, the release stated.
The government has made it mandatory for individuals to link their PAN with Aadhaar in order to file income tax returns.
Earlier the Income tax department had stated, “It is mandatory. Don’t delay, link it today! As per the I-T Act, it is mandatory for all PAN-holders who do not fall under the exempt category, to link their permanent account numbers (PAN) with Aadhaar before March 31, 2023. From April 1, 2023, the unlinked PAN shall become inoperative.”
Is PAN-Aadhaar Link Mandatory?
Yes, linking PAN with Aadhaar is necessary as per Section 139AA of the Income Tax Act, 1961. The authorities has made it obligatory for people to hyperlink their PAN with Aadhaar to file their earnings tax returns. The deadline to hyperlink PAN with Aadhaar has been prolonged a number of occasions previously, and the present deadline is June 30, 2023.
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