The deadline to link your PAN card with Aadhaar card is June 30, 2023.
“As per IT Act,1961, it is mandatory for all PAN holders, who do not fall under the exempt category, to link their PAN with Aadhaar before 30.06.2023. From 01.07.2023, the unlinked PAN shall become inoperative. Please link today!”
How to check status of PAN-Aadhaar linking
Step 1: Visit the Income Tax e-filing portal by using this link.
Step 2: Enter your 10-digit PAN number and 12-digit Aadhaar number.
Step 3: Then click on ‘View Link Aadhaar Status’.
Note that failure to link the PAN with the Aadhaar carries a penalty Rs. 1,000 till June 30, 2023 as per the extension notification.
What happens if do not link PAN-Aadhaar?
(As per CBDT Notification)
(i)The person shall not be able to file return using the inoperative PAN
(ii) Pending returns will not be processed
(iii) Pending refunds cannot be issued to inoperative PANs
(iv) Pending proceedings as in the case of defective returns cannot be completed once the PAN is inoperative
(v) Tax will be required to be deducted at a higher rate (@20%) as PAN becomes inoperative.
In addition to the aforementioned, as PAN is a crucial KYC requirement for all types of financial transactions, the tax payer may experience difficulties at numerous other places like banks and other financial portals.
Contact us if you need any help.
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