Aadhaar-PAN Linking Deadline: The deadline for linking PAN with Aadhaar has been extended by three months from the earlier date of March 31, 2023. The new deadline is now June 30, 2023.
It is now possible to link PAN with Aadhaar until June 30, 2023 by paying a fine of Rs. 1000.
The Central Board of Direct Taxes (CBDT) has imposed a late fee of Rs. 1000 for linking Aadhaar with PAN from June 30, 2022 onwards. It is essential to pay the late fee to link PAN with Aadhaar.
The Finance Ministry has made it clear that failure to link the two cards within the new deadline will result in the PAN card becoming useless.
Hence, it is important for individuals to link their PAN card with Aadhaar before the new deadline to avoid any inconvenience.
The Income Tax Department has shared information through Twitter that the deadline for linking a PAN card with Aadhaar has been extended to June 30, providing taxpayers with more time to complete this important task.
This relief was announced three days before the earlier deadline. It is important to note that the PAN card has become a crucial document for financial transactions, making it essential to link it with Aadhaar.
Failure to link PAN-Aadhaar will lead to the deactivation of the PAN card. cardholders will be unable to conduct mutual fund and stock market investments among other financial activities.
With the PAN card being the most crucial document for various transactions, from opening a bank account to real estate deals, it is essential to link it with Aadhaar.
Although the deadline has been extended, it is advisable to complete this task at the earliest possible opportunity instead of waiting until the last minute.
