PAN-Aadhar Linking | Last Date Of Link Your PAN With Aadhar By March 31, 2022
The last date of link your PAN card with Aadhar is March 31. PAN-Aadhar link is mandatory to the person eligible for an Aadhar number and qualify as residents.
If you are failed to link your Aadhar with PAN by March 31,then there will be the consequences. Your PAN will be invalid and you won’t be able to perform financial transactions that require PAN details, it includes file an income tax return and opening a bank account. Also you might have to pay higher TDS amount along with penalty of Rs.10,000 as per section 272B of IT act.
Before this there is no provision of penalty for the rules pertaining to the Aadhar-PAN link. But according to the new law if you are failed to link these 2 IDs, your PAN become inoperative.
PAN-Aadhar link is mandatory for those who are eligible for an Aadhar number and qualify as residents. If anyone missed the due date they can link their PAN with Aadhar even after their due date, there will be certain amount you have charged as penalty under section 234H.
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