Pan Card Update: It is mandatory for people to link their PAN card with Aadhaar card through the Income Tax Department of India. If someone has not yet linked PAN card with Aadhaar card, then that person can link PAN card with Aadhaar card by 30 June 2023.
Pan Card: There are many government works, which are very important to be done in time. If these works are not dealt with in time, then a lot of difficulties may have to be faced. Linking a PAN card with Aadhaar card is also included in these tasks. A PAN card is issued to every Indian citizen. At the same time, it is also very important to link this PAN card with their Aadhaar card. It has also been asked many times by the government to link PAN card with Aadhaar card.
PAN card
It is mandatory for people to link their PAN card with Aadhaar card through the Indian Income Tax Department. If someone has not yet linked PAN card with Aadhaar card, then that person can link PAN card with Aadhaar card by 30 June 2023. For this, that person will also have to pay a fee of Rs 1000.
Link to aadhar card
On the other hand, if a person is unable to link PAN card with Aadhaar card by June 30, 2023, then his PAN card will become inactive. Once the PAN card becomes inactive, then people may have to face many problems. After the PAN card becomes inactive, they may have to face many problems.
On not linking PAN card with Aadhaar card—
- PAN cards of such taxpayers will become inactive.
- Tax will be deducted at the higher rate in both the cases of Tax Deducted at Source (TDS) and Tax Collected at Source (TCS).
- No pending refund and interest will be issued.
- There will be problems in filing income tax return.
- Financial transaction related problems may have to be faced.
