As per Income-tax Act, 1961, it is mandatory for all PAN holders, except who fall under the exempt category, to link their PAN with Aadhaar on or before 31.3.2023, from 01.04.2023, the unlinked PAN shall become inoperative.
FROM WHERE TO CHECK:
- You can check from below mentioned link whether your PAN is linked with AADHAAR or not-
- https://eportal.incometax.gov.in/iec/foservices/…
FROM WHERE TO LINK:
- You can link you PAN with AADHAAR by clinking on below mentioned link-
- https://eportal.incometax.gov.in/iec/foservices/…
Below are the consequences if a PAN not linked with Aadhar on or before 31st March, 2023
1) PAN becomes inoperative,
2) The taxpayer shall not be able to file an Income Tax return using the inoperative PAN,
3) Pending returns will not be processed by the Income Tax Department,
4) Pending refunds shall not processed to inoperative PAN,
5) Pending proceedings as in the case of defective returns cannot be completed once the PAN is inoperative,
6) TDS will be required to be deducted at a higher rate as PAN becomes inoperative,
7) The taxpayer might face difficulty at various places like banks and other financial portals etc.
Note:
Following categories are exempted from Aadhaar-PAN linking
(i) NRIs,
(ii) Not a citizen of India,
(iii) age > 80 years as on date,
(iv) state of residence is Assam, Meghalaya or Jammu & Kashmir.