PAN Aadhaar Linking: Now possible even after 31st March
As per CBDTs recent notification, if you still haven’t linked your Permanent Account Number (PAN) with Aadhaar, you will be able to do so even after 31st March. However, the PAN will remain inoperative for Income Tax purposes until the date you link your PAN with Aadhaar, after 31st March.
The current deadline to link your Aadhaar with your Permanent Account Number (PAN) is 31st March 2020.
The Central Board of Direct Taxes (CBDT) recently on 13th February notified the changes made in Income Tax Rules 1962. As per the latest amendment by CBDT, a new rule 114AAA has been inserted after rule 114AA of the Income Tax Rules 1962. The changes made by CBDT provide the possible consequences taxpayers may face if they are unable to link their PAN withAadhaar before 31st March.