Business News Desk,PAN card is one of the most important documents of the people. Financial transactions can be done easily through PAN card and income tax is also filed through PAN card. However, now settle an important work related to PAN card, otherwise you may have to face a lot of problems. If you do not link two government documents PAN and Aadhaar on or before March 31, 2023, then you will face difficulties in doing some important financial work.
Pan Card
In such a situation, get your PAN card linked to Aadhaar card by 31 March 2023. If this is not done then your PAN card will be deactivated. If PAN card is not linked to Aadhaar card then from 1 April 2023 you will not be able to use PAN card. The 10 digit unique alphanumeric number will become inactive after the expiry of the time limit.
Aadhar card
PAN-Aadhaar linking refers to the process of linking your Permanent Account Number (PAN) with your Aadhaar number. The Government of India has made it mandatory for individuals to link their PAN with Aadhaar. It has been said many times through the Income Tax Department that for all those PAN holders who do not come under the exempted category, it is mandatory to link PAN card with Aadhaar card.
there will be problems
By now it is clear that if you do not link your Aadhaar with PAN by March 31, 2023, then your PAN will become inactive. Whereas if the PAN becomes inoperative, you will not be able to furnish, intimate or show your PAN anywhere and will be liable for all consequences of such failure. Apart from this, problems will also have to be faced in filing income tax.