Friday, January 27, 2023

PAN Card: Get this work done within four months, otherwise the PAN card will be closed!

PAN Card Apply: PAN card is a document that is very useful at the time of economic activities of the people. Income tax can be filed with the help of a PAN card. The 10-character Permanent Account Number (PAN) issued by the Income Tax Department is one of the most important documents nowadays. PAN card is also issued by individuals and entities to prevent tax evasion as it records all the financial transactions done through a particular person or entity. Any Indian citizen can apply for a PAN card.

Pan card and aadhar card link

At the same time, the Income Tax Department has given important information. Actually, for a long time, people are being made aware to link a PAN card with an Aadhaar card. PAN card holders who have not yet linked PAN cards with their Aadhaar cards have a few months more time.

Last date

The Income Tax Department tweeted, ‘As per the Income Tax Act, 1961, the last date for linking PAN with Aadhaar is March 31, 2023, for all PAN holders who are not in the exempted category. If PAN is not linked with Aadhaar. Aadhaar and PAN will be deactivated. In such a situation, to save the PAN card from becoming inactive, link it with the Aadhaar card. There are 4 more months for this.

Link to Aadhaar

Along with this, the Income Tax Department has said that all those PAN holders who do not fall under the exemption category as per Notification No. 37/2017 dated May 11, 2017, and who have not yet linked their Aadhaar with their PAN, are PAN Requested to link the card with Aadhaar card at the earliest. Explain that PAN can be linked to a valid Aadhaar card by paying a fee of Rs 1000 at www.incometax.gov.in.

Read More: Update for PAN Card Users: Important Information from the Government! This error will result in an Rs.10,000 fine even if it is unintentional.

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