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If not linked with Aadhaar, PAN cards to become inoperative after March 31

Kashmir Dot Com by Kashmir Dot Com
December 25, 2022
in Business, Lead
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Deadline for linking PAN with Aadhar extended till June 30

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New Delhi: The Income Tax Department has reminded permanent account number-holders that if their cards are not linked with Aadhaar by the end of March next year, these will become inoperative.

“It is mandatory. Don’t delay, link it today! As per the I-T Act, it is mandatory for all PAN-holders, who do not fall under the exempt category, to link their permanent account numbers (PAN) with Aadhaar before March 31, 2023. From April 1, 2023, the unlinked PAN shall become inoperative,” said a public advisory issued by the I-T Department according to news agency Kashmir Dot Com (KDC).

The ‘exempt category’, according to a notification issued by the Union Finance Ministry in May 2017, includes individuals residing in the states of Assam, J&K and Meghalaya; a non-resident as per the Income Tax Act, 1961; of the age of 80 years or more at any time during the previous year and a person who is not a citizen of India.

I-T returns cannot be filed if a PAN number becomes inoperative and pending returns will not be processed. (KDC)

Tags: PAN
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Kashmir Dot Com is a News Agency based in Srinagar, J&K that offers syndicated multimedia news feed to plethora of news-bureaus in J&K and beyond. We also provide a range of facilities from foreign and domestic channels to package their reports in Jammu and Kashmir. We cover almost all areas of interest in J&K to viewers including news, entertainment, and life styles, bussiness, sports, human-interest features and social and developmental issues.

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