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Pan Aadhaar Link Last Date Latest News 2023

It is estimated that the Pan Aadhaar Link date can be extended. Although there is no official confirmation regarding this news, it is believed that the deadline for linking Aadhaar-PAN can be extended.

PAN Aadhaar Link Last Date Latest News 2023

 The last date to link a PAN card with an Aadhaar card is March 31, 2023, which has come very close. If you do not link your PAN card with your Aadhaar before March 31, 2023, then your PAN card will become inactive. But such news is coming that this time the deadline for the PAN card link can be extended. But as of now, no kind of authorized news has come regarding this news because now only a few days are left before the deadline ends. It is said that every citizen of the country will be given a little more time for the PAN – Aadhaar link.

PAN – Aadhaar Linking Deadline Can Be Extended

According to the Ministry of Finance, a further extension of three months can be given for PAN-Aadhaar linking and it can be extended till June 30, 2023. But Aadhaar linking will be done along with the fine, no exemption will be given for this, yet the final decision has to come on this. This means that you will be able to link PAN-Aadhaar till June 30, 2023.

As per the rules of the TAX department of these PAN-Aadhar links, at present time, you have to pay a fine of ₹ 1000.

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For Whom It is Necessary To Link PAN Aadhaar And For Whom it is Not

As per Income Tax Act Section 139AA every person who has been allotted a Permanent Account Number (PAN) as on 1st July 2017 and who is eligible to obtain an Aadhaar number. It is necessary for them to give the information on the prescribed form and their Aadhaar number. Such persons will be required to mandatorily link their Aadhaar and PAN with late fee payment by 31 March 2023. Linking  PAN-Aadhaar is not necessary for those people who live in Assam, Meghalaya, Jammu, and Kashmir, and those who are non-residents.

What Will Happen if Aadhaar Will Not Link

The category to link their Aadhaar with an PAN card before March 31, 2023.

For Those people PAN card holders who do not link, their PAN cards will become inactive from April 1, 2023.

Their PAN will remain active for filing income tax returns under the law to get refunds. But after March 31, 2023, the PAN of these taxpayers will be deactivated. You will not be able to file ITR through an active PAN. Your pending refund will not be processed. If the PAN-Aadhar link will not be issued Pending processing cannot be completed after PAN is activated and any type of tax deduction will also be done at a higher rate.

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