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Nation

Link Aadhar card to PAN by March 31

by TLN Team March 5, 2023March 5, 2023
written by TLN Team March 5, 2023March 5, 2023
Link Aadhar card to PAN by March 31

The Central Board of Direct Taxes (CBDT) has made it mandatory to link a PAN card with Aadhaar. PAN can be deactivated if PAN is not linked with Aadhaar. To avoid this, a PAN card can now be linked with Aadhaar by paying the late fee online.

All the Permanent Ac- count Numbers (PAN) holders who do not fall under the ‘ex- empt category’ should link their PAN card to their Aadhaar before March 31, failure of which will make it ‘inoperative’ from April 1.

The Central Board of Direct Taxes (CBDT) said, “Don’t delay, do it today!” According to Income-tax Act, 1961, it is mandatory for all PAN holders, who do not fall under the ex- empt category, to link their PAN with their Aadhaar before 31.3.2023. From 1.04.2023, the unlinked PAN shall become in- operative,” an advisory by the Income Tax Department read.

According to a notification issued by the union finance ministry in May 2017, the ‘ex- empt category’ for PAN includes individuals residing in the states of Assam, Jammu and Kashmir, and Meghalaya; being a non-resident under the Income-tax Act, 1961; being 80 years of age or older at any time during the previous year, and not being a citizen of India.

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