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    <title>Clarification with respect to relaxation of provisions of rule 114AAA of Income-tax Rules, 1962 prescribing the manner of making Permanent Account Number (PAN) inoperative</title>
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    <description>Requirement to link PAN with Aadhaar makes PANs inoperative if Aadhaar is not intimated by the notified date; failure attracts a prescribed fee when Aadhaar is later intimated and ordinarily triggers the legal consequences of an inoperative PAN when it is furnished or quoted. The Board provides a one year transitional deferral of those negative consequences, subject to payment of the linking fee, to mitigate disruption to filing, refunds, withholding and KYC processes.</description>
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    <pubDate>Wed, 30 Mar 2022 00:00:00 +0530</pubDate>
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      <title>Clarification with respect to relaxation of provisions of rule 114AAA of Income-tax Rules, 1962 prescribing the manner of making Permanent Account Number (PAN) inoperative</title>
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      <description>Requirement to link PAN with Aadhaar makes PANs inoperative if Aadhaar is not intimated by the notified date; failure attracts a prescribed fee when Aadhaar is later intimated and ordinarily triggers the legal consequences of an inoperative PAN when it is furnished or quoted. The Board provides a one year transitional deferral of those negative consequences, subject to payment of the linking fee, to mitigate disruption to filing, refunds, withholding and KYC processes.</description>
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      <pubDate>Wed, 30 Mar 2022 00:00:00 +0530</pubDate>
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