PAN-Aadhaar linking deadline extended to June 30, 2023
The deadline to link the Permanent Account Number (PAN) to Aadhaar has been extended to June 30, 2023, the Ministry of Finance announced on Tuesday. Earlier, the deadline to link PAN and Aadhaar was March 31, 2023. In its notification, the ministry said that PAN cards that are not linked to Aadhaar numbers would become inoperative from July 1, 2023.
Over 51 crore PANs linked to Aadhaar till now
Reportedly, individuals will not receive a tax refund, and tax deducted at source (TDS) and tax collected at source (TCS) will be deducted/collected at a higher rate after their PAN becomes inoperative. However, after June 30, PAN can be made operational again within 30 days by paying a Rs. 1,000 late fee. Over 51 crore PANs have been linked to Aadhaar to date.
