Income Tax

PAN and Aadhar Linking date Extended

The Government has extended the date till 30th June 2023

Reasons: In order to provide some more time to the taxpayers, the date for linking PAN and Aadhaar has been extended to 30th June, 2023

What Will Happen After 1st July 2023

From 1st July, 2023, the PAN of taxpayers who have failed to intimate their Aadhaar, as required, shall become inoperative

What Will Happen After 1st July 2023

1. no refund shall be made against such PANs;

What Will Happen After 1st July 2023

2. interest shall not be payable on such refund for the period during which PAN remains inoperative;  and

What Will Happen After 1st July 2023

3. TDS and TCS shall be deducted /collected at higher rate, as provided in the Act.

Can PAN made Operative ?

The PAN can be made operative again in 30 days

Exempted from PAN-Aadhaar linking

Those persons who have been exempted from PAN-Aadhaar linking will not be liable to the consequences mentioned above.