PAN Card: The Income Tax Department often keeps updating new information regarding the PAN card, but there is such an update which has been being advised for a long time. Now in the past, the Income Tax Department has again issued a tweet saying that those who have not linked their PAN card with Aadhaar should not delay in doing so.
Income Tax Department warned through a tweet
The Income Tax Department has said through a tweet that PAN card holders who have not linked their PAN with Aadhaar must do so by March 31, 2023, otherwise their PAN card will become inactive.
In its tweet the Income Tax Department has said that “According to the Income Tax Act 1961, all PAN card holders who do not fall under the category of exemption should link their PAN with Aadhaar by 31-03-2023. PANs not linked to Aadhaar will become inactive from April 1, 2023.
This is an urgent notice, so don’t delay, link today! “
Please inform that this tweet has also been retweeted by the Finance Ministry.
At present, PAN can be linked with Aadhaar by paying penalty
Significantly, the Income Tax Department has asked people to link PAN and Aadhaar by March 31, 2022, but for this you will have to pay a penalty. You will have to pay a penalty of Rs 1000 for linking PAN and Aadhaar between July 1, 2022 and March 2023. If till then you do not link both then this PAN card will become invalid or cancelled.
Read This Also:-Adani Enterprises Paper File For FPO.