New Delhi: The Income Tax (IT) Department has announced that those PAN (Permanent Account Number) cards that are not linked to Aadhaar will become inoperative. The last date to link Aadhaar with their PAN is March 31, 2023.
The income tax department has issued the same warning on the micro-bloggingplatform Twitter. ”As per Income-tax Act, 1961, it is mandatory for all PAN holders, who do not fall under the exempt category, to link their PAN with Aadhaar before 31.3.2023. From 1.4.2023, the unlinked PAN shall become inoperative. The last date is approaching soon. Don’t delay, link it today!,” reads the tweet.
It is compulsory to link your Aadhaar Card with PAN card as your income tax return cannot be processed in case you have not done it till now. Additionally, if you are planning to carry out a bank transaction of more than Rs 50,000, you must link your Aadhaar card with PAN card.
