PAN Aadhaar Link: Like Aadhar Card, PAN Card is also a document which is very important. PAN card is used in all financial transactions and tax related matters. This is the reason why crores of people in the country have PAN card, especially businessmen and employed people definitely have PAN card. Many types of information regarding PAN card are given by the government, in which there is also talk of its misuse. For the last few years, several deadlines were given by the government to link PAN with Aadhaar card, after which the last deadline ended in June 2023. Today we are telling you which people do not need to link PAN and Aadhaar.
PAN card will be deactivated
Actually, the PAN card of those who have not linked PAN with Aadhaar was deactivated. Now you can link PAN with Aadhaar by visiting the Income Tax Department website with a fee of Rs 1,000. Those who do not link the two are excluded from many financial transactions and face problems in many things.
Not mandatory for whom
Now let us talk about those people for whom it is not necessary to link Aadhaar and PAN. Actually, for some people it is not necessary to link PAN with Aadhaar. These also include people above 80 years of age. Apart from this, under the Income Tax Act, it is not necessary to link PAN-Aadhaar even for non-residents and those who do not have Indian citizenship.
Apart from all this, if anyone has not linked PAN with Aadhaar, he cannot file ITR. Besides, bank related transactions will not be possible and benefits of various schemes will also not be available. Because nowadays KYC is required for everything.
read this also – Bharat Rice: Where can you buy ‘Bharat Rice’ worth Rs 29 per kg?