Business PAN-Aadhaar link: Around 17.5 crore PAN cards may become inoperative after 31 March, here's why
pinky barot 153 1740 days ago The Income Tax department, in its latest notification, has clearly said that the PAN cards will become inoperative if not linked with Aadhaar by March 31, 2020. According to I-T department, over 30.75 crore Permanent Account Number (PAN) had been linked to Aadhaar till January 27, 2020. However, nearly 17.58 crore PANs are yet to be linked. If both these cards are not linked then you won't be able to perform at least 18 financial transactions. These transactions include sale or purchase of a vehicle (excluding two wheelers), applying for debit/credit cards and opening a demat account among many others as per the Rule 114B of the Income Tax Rules.
