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The PAN card-Aadhaar linking deadline is a hot topic in India right now. With the deadline set for 31 March 2023, it is important to understand who should link PAN and Aadhaar and the consequences of not doing so, or how to link PAN Card and Aadhar Card, all details are in this article.
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Why it is Important to Link PAN and Aadhaar ?
The main purpose of linking PAN and Aadhaar is to prevent fraud, especially in the case of filing taxes. The government has made it mandatory to link Aadhaar with PAN in order to verify the identity of the taxpayer. This means that if you do not link your PAN to Aadhaar, your PAN will become invalid. As a result, you will not be able to carry out any financial transactions using the PAN.
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If it is not done before the deadline, the PAN card will also become inoperative, which means it invalid to use for any financial transactions, such as filing an ITR return.
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