PAN Aadhaar Not Linked? After March 31, Be Ready To Face These Consequences
PAN-Aadhaar Link: PAN Card stands for Permanent Account Number Card. PAN Card is an essential document in India for several reasons and you will not be able to use the PAN card from April 1, 2023 if it is not linked with your Aadhaar number by March 31. Linking of PAN with Aadhar Number As per section 139AA in the Income-tax Act, 1961, it is mandatory for every person, who is eligible to obtain Aadhaar, to quote his Aadhaar number while applying for PAN or furnishing return of income with effect from July 1, 2017. Further, every person who has been allotted PAN as on the 1st day of July, 2017, and who is eligible to obtain an Aadhaar number shall intimate his Aadhaar number on or before a date to be notified to the Income-tax Department. In case of failure to intimate the Aadhaar number, PAN allotted to the person shall be made inoperative after the date so notified.
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