News Express Times

Bollywood News Movie Reviews Celebrities News

PAN-Aadhaar-Link-Last-Date-
News

PAN Aadhaar Link Last Date : Deadline Extended 2024 ?

PAN Aadhaar Link Last Date

PAN Aadhaar Link Last Date


Consequences Of Not Linking PAN Aadhaar

 

 

According to officials, PAN Aadhaar Link Last Date was 30 June 2023 and now it is necessary to link PAN Aadhaar to prevent tax evasion. If you do not link PAN Aadhaar your pan card will become inactive, and no refunds will be issued for PAN that is not linked to Aadhaar. Additionally, during the period in which PAN remains inactive, no interest will be paid on refunds. However, according to the Income Tax Department, after making a payment of a fee of Rs. 1,000, the designated authority may reactivate it within 30 days upon providing Aadhaar information.

 

You will also need to pay the Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) on the additional amount. According to a report by BEEG Prime, not linking your PAN and Aadhaar cards can make it difficult to access government services such as receiving subsidies, applying for a passport, and opening a bank account. There may be issues while attempting to use these services if both documents are not linked. The Securities and Exchange Board of India (SEBI) has also made it mandatory for investors to link both their documents.

 

SEBI recently issued a circular stating that the PAN (Permanent Account Number) is a crucial identification number and a mandatory requirement for all KYC (Know Your Customer) processes in the securities market. This applies to all entities and participants registered with SEBI.

 

circular mentioned that organizations responsible for market infrastructure (MIIs) must ensure that all participants have proper Know Your Customer (KYC) information. It also stated that existing investors should link their PAN with Aadhaar to ensure hassle-free transactions. and to safeguard against market repercussions. Restrictions may be imposed on securities and other transactions until PAN and Aadhaar are linked.

 

PAN Aadhaar Link Last Date

LEAVE A RESPONSE

Your email address will not be published. Required fields are marked *