Hello Friends, In today’s Post, We will give you information that has been made mandatory to link your PAN Link to Aadhar Card. Your income tax return would not be processed if your Aadhaar is not linked with your PAN. Linking your PAN with Aadhaar is also indispensable if you are carrying out banking transactions for an amount of Rs.50,000 and above.
According to the IT Department, if you do not link your PAN to Aadhaar, then it will become invalid under Section-139AA of the Income Tax Act. And once it becomes invalid, you will not even be able to file ITR online and your tax refund may get stuck. Apart from this, you will not be able to use PAN in any financial transaction. As per latest Govt. of India directive, if you fail to do PAN Aadhaar linking, your PAN will become ‘inoperative’ after 30th June 2023