Centre has extended the last date for linking PAN-Aadhaar card till March 31, 2021. Earlier, the deadline for completing the formality was June 30, 2020. The extension in PAN-Aadhaar link deadline offers some relief for those PAN cardholders who have not linked their PAN with Aadhaar.
If you don’t complete this formality within the time frame PAN will become ‘inoperative’.
Once the PAN becomes inoperative, the holder will not be able to complete 18 transactions specified by income tax department. You can only complete these transactions after linking the PAN and Aadhaar thus making the PAN re-active.
Also Read: Aadhaar linking now mandatory for all insurance policies
To link Aadhaar with PAN card, the user will have to visit the e-filing website of the income tax department and log-in credentials or even without logging, the linking of Aadhaar and PAN can be done. The income tax department has made it clear that for filing of ITR, Aadhaar and PAN linkage is mandatory unless specifically exempted.
Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/