PAN Card will Become Inactive If not Linked with Aadhaar After March 31
GUWAHATI: "Permanent Account Number (PAN) will become inoperative if it is not linked with Aadhaar by March 31, 2020." informed the Income Tax department.
The department further said that after linking the Pan with the Aadhaar, the PAN cards would become inoperative from the date of intimation of Aadhaar number.
Inoperative PAN means one will not be able to do several financial transactions where PAN is required.
However, 18 financial transactions have been specified by the department where quoting of PAN is mandatory by the individual.
For linking Aadhaar with PAN card, one may visit the e-filing website of the IT Department and may use log-in credentials or even without logging.
It has to be mentioned that earlier, the IT department had given multiple deadlines for linking PAN with Aadhaar and on every occasion, the deadlines were extended.
The official release however stated that the deadline will not be further extended after 31st March.
As per report, by January 27, 2020, more than 30.75 crore PAN cards were linked with Aadhaar.