Permanent account number (PAN) holders who have not connected their PAN number with Aadhaar would be unable to use it beginning with the following fiscal year, 1 April 2023. After the deadline, the ten-digit unique alphanumeric number will be rendered ineffective.
While the majority of PAN holders in the country have already done so, others have still to link their PAN to their Aadhaar.
“As per Income-tax Act, 1961, it is mandatory for all PAN holders, who do not fall under the exempt category, to link their PAN with Aadhaar before 31.3.2023. From 1.04.2023, the unlinked PAN shall become inoperative. Link it before it’s too late. Don’t delay, link it today!” the tax department informed via a tweet.
As per Income-tax Act, 1961, it is mandatory for all PAN holders, who do not fall under the exempt category, to link their PAN with Aadhaar before 31.3.2023.
From 1.04.2023, the unlinked PAN shall become inoperative.Urgent Notice. Don’t delay, link it today! pic.twitter.com/h7T6AAeDnc
— Income Tax India (@IncomeTaxIndia) January 17, 2023
What happens when PAN becomes inoperative
Once the PAN becomes inoperative, the individual will be unable to file an I-T return, pending returns will not be processed, pending refunds will not be granted, ongoing processes, such as in the case of faulty returns, will be unable to be finished, and tax will be deducted at a higher rate.
Here’s how PAN holders can link their PAN with Aadhaar
1) Go to “https://www.incometax.gov.in/iec/foportal/” and log in. ” and under the ‘Quick Links’ area, click on ‘Link Aadhaar option’.
2) Enter your PAN and Aadhaar number, then click ‘Validate’.
3) If your Aadhaar and PAN are already linked, you will see the statement ‘PAN is already linked with the Aadhaar’ on your screen.
4) If, on the other hand, your PAN is not connected to your Aadhaar and you have paid a challan on the NSDL Portal, the payment details will be authenticated by electronic filing. You will receive a pop-up message indicating that “Your payment information are validated” after validating PAN and Aadhaar.
5) After entering the required information, select the Link Aadhaar option and enter the 6-digit OTP obtained on your cell phone number.
6) You may now monitor the status of your Aadhaar-PAN link request after successfully submitting it.
7) If the payment details are not validated on the e-filing site and they have already paid the money on the NSDL portal, PAN holders must wait 4-5 working days before submitting the linkage request.
