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@ EconomicTimes

What happens if you don't link PAN before the 31th March deadline?

The Central Council of Direct Taxes reaffirmed that a permanent account number (PAN) not linked to Aadhaar by March 31, 2020 would become inoperative. Also, those who link their PAN to Aadhaar after March 31, the PAN would become operational from the date of intimation of the Aadhaar number. A person whose PAN is inoperative will not be able to carry out financial transactions such as opening a bank account, selling / buying property, making investments and may face higher TDS rates.

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