TaxTMI 
TaxTMI 
TaxTMI 
Unlinked PAN Cards would stop functioning from 1st July 2023
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....nlinked PAN Cards would stop functioning from 1st July 2023<br>By: - Vivek Jalan<br>Other Topics<br>Dated:- 18-4-2023<br><br>Every person who has been allotted a PAN as of 1st July 2017 and is eligibl....
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....e 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,....
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.... 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 ma....
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....de 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. ....
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....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 durin....
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....g 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.....
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.... 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.<br> Scholarly articles for knowledge sharin....
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....g by authors, experts, professionals ....