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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 X X X X Extracts X X X X X X X X Extracts X X X X ..... le 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 months ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , 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 m ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ade 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 categories. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 duri ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng 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 simple OTP and online process ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . 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. X X X X Extracts X X X X X X X X Extracts X X X X ..... ng by authors, experts, professionals ..... X X X X Extracts X X X X X X X X Extracts X X X X
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