PAN Will Become Inoperative If Not Linked With Aadhaar By End Of March 2023: I-T Dept
News 18PAN-Aadhaar Linking: The income tax department on Saturday said it is mandatory to link permanent account numbers with Aadhaar before March 31, 2023. “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 March 31, 2023. pic.twitter.com/eJmWNghXW6— Income Tax India December 24, 2022 The Income Tax Department has also urged all PAN holders, those who do not come under the exempt category as per the Notifications No. The Income Tax Department has mentioned on its website that “CBDT has extended the deadline of linking of Aadhaar with the PAN from 31st March 2022 to 31st March 2023. 500 till 30th June 2022 and fee of Rs 1000 from 1st July 2022.” After April 1, 2023, the person shall not be able to file I-T return using the inoperative PAN; pending returns will not be processed; pending refunds cannot be issued to inoperative PANs; pending proceedings as in the case of defective returns cannot be completed once the PAN is inoperative and tax will be required to be deducted at a higher rate.