The Permanent Account Number (PAN) is used for multiple purposes, such as filing Income Tax Returns, opening a bank account, serving as an identification document, etc. However, it faces the risk of getting deactivated now if you fail to comply with the rules of the Central Board of Direct Taxes (CBDT). That's correct! PAN Card Holders could lose access to the document if they do not link it to their Aadhaar numbers.
Make sure to do it before December 31, 2025, or your PAN Card will be deactivated on January 1, 2026.
Under the new Aadhaar rules notified by the Unique Identification Authority of India (UIDAI), it is mandatory to link your PAN card to Aadhaar before the CBDT deadline.
---Advertisement---
What Happens When Your PAN Card Is Deactivated?
- You cannot open a bank account or a demat account
- You cannot make cash or fixed deposits above Rs 50,00
- You cannot apply to schemes related to financial welfare launched by the government
- You cannot apply for bank loans
- You cannot buy or sell house or vehicle.
- PAN is also mandatory to conduct business and other crucial purposes.
Steps To Link Aadhar With PAN
- Visit the official Income Tax e-filing portal
- Search and click on the 'Link Aadhaar' tab
- Enter your PAN and Aadhaar number
- Click on the ‘validate’ button
- Enter your mobile number, and an OTP will be sent
- That's all, you have now successfully linked your PAN to your Aadhaar number.
ALSO READ: Bad news for TCS as Labour Ministry sends notice to IT giant seeking answer for…
---Advertisement---