PAN cards are one of the most important documents for people. It is a great way to make financial transactions and file income tax. You must now complete important paperwork related to your PAN card. Otherwise, you may face many problems if you don’t. You will have difficulty performing important financial transactions if you don’t link the PAN and Aadhaar government documents before March 31, 2023.
PAN card
If this happens, make sure your PAN card is linked to your Aadhaar Card by 31 March 2023. Your PAN can be deactivated if this is not done. A PAN that is not linked with an Aadhaar card will be invalid. You won’t be able to use your card starting 1 April 2023. After the time limit expires, the 10-digit unique alphanumeric number becomes inactive.
Aadhaar Card
The PAN-Aadhaar Link is the linking of your Permanent Account Number (PAN), with your Aadhaar number. Individuals are required to link their PAN and Aadhaar by the Government of India. The Income Tax Department has repeatedly stated that linking a PAN and an Aadhaar card is required for all PAN holders.
Problems will be
It is clear that your PAN will be inactive if your Aadhaar and PAN are not linked by March 31, 2023. Your PAN will become inoperative and you will not be allowed to show, intimate, or furnish the PAN anywhere. You will also be responsible for any consequences. Other than this, income tax filings can be difficult.
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