PAN Aadhaar Linking: Effective from 1st July 2017, it is mandatory to quote Aadhaar for the filing of IT Returns and also linking Aadhaar with PAN. However, many taxpayers were unable to link their Aadhaar with their PAN. Here s how to resolve this issue.
PAN-Aadhaar link steps: The last date to link PAN with Aadhaar has been set as March 31, 2023. From April 1, your PAN becomes inoperative if you don t link the two documents.
According to a notification issued by the Central Board of Direct Taxes (CBDT) on March 29, 2022, a penalty of Rs 500 will be imposed if the PAN-Aadhaar is linked within three months post the expiry of the deadline.