PAN not linked with Aadhaar to become inoperative after 31 March, 2023: IT Dept

way2barak, Dec.24: The Income Tax Department on Saturday reiterated its warning that those PANs which are not linked with Aadhaar by the end of March next year will be rendered “inoperative”.  In a   public advisory, the department stated, “What is mandatory, is necessary. Don’t delay, link it today!”

The Income Tax Department stated, “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.” Once a PAN becomes inoperative, an individual shall be liable to all the consequences under the I-T Act and will have to suffer a number of implications.

The ‘exempt category’, according to a notification issued by the Union Finance Ministry in May 2017, are those individuals residing in the states of Assam, Jammu and Kashmir and Meghalaya; a non-resident as per the Income-tax Act, 1961; of the age of 80 years or more at any time during the previous year and a person not a citizen of India.