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TMI BlogUnlinked PAN Cards would stop functioning from 1st July 2023X X X X Extracts X X X X X X X X Extracts X X X X ..... Unlinked PAN Cards would stop functioning from 1st July 2023 - By: - Vivek Jalan - Other Topics - Dated:- 18-4-2023 - - Every person who has been allotted a PAN as of 1st July 2017 and is eligible to obtain an Aadhaar Number, is required to intimate his Aadhaar to the prescribed authority. The CBDT has extended the Aadhaar-PAN linking deadline from March 31 to June 30, 2023, by three month ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s, and announced that all unlinked PAN cards will stop functioning as of July 1, 2023. Consequently, TDS and TCS shall be deducted/collected at higher rate, as provided in the Act; No refund shall be made against such PANs; Interest shall not be payable on such refund for the period during which PAN remains inoperative. The mandatory linking of Aadhaar with PAN does not apply to four categor ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ies. 1) Residents of the states of Assam, Jammu and Kashmir, and Meghalaya. 2) Non-resident Indians (NRIs) as per the Income-tax Act, 1961 . 3) Anyone who was of the age 80 years or more at any time during the previous year. 4) Individuals who are not a citizen of India. It is thus advised to not wait for 30th June 2023 and link the PAN and Aadhar immediately through a si ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mple OTP and online process. Even the above persons not required to link PAN and Aadhar mandatorily, are advised to do so to get future benefits through integrated Government Database. - - Scholarly articles for knowledge sharing authors experts professionals Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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