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The last date to link PAN (Permanent Account Number) with Aadhaar is today. Initially set for March 31, the deadline was extended until June 30 by the Income Tax Department. Failure to link PAN and Aadhaar by today may lead to consequences.
The primary goal of linking PAN with Aadhaar is to eliminate duplicate entries in the PAN database. The Income Tax Department discovered instances where individuals were assigned multiple PAN numbers.
If PAN and Aadhaar are not linked by the last date i.e., June 30, the individual’s PAN will become inoperable. This means they will be unable to file income tax returns and encounter difficulties in conducting financial transactions at banks.
Investors in the securities market must also link their PAN and Aadhaar to avoid any transactional obstacles.
Following is the procedure to link PAN and Aadhaar online.
This post was last modified on June 30, 2023 12:13 pm