CURRENT AFFAIRS

Detailed explanation-1: -As per the I-T Act, it is mandatory for all PAN-holders, who do not fall under the exempt category, to link their permanent account numbers (PAN) with their Aadhaar before March 31, 2023. From April 1, 2023, the unlinked PAN shall become inoperative."

Detailed explanation-2: -From April 1, 2023, your PAN will be inoperative if it is not linked to your Aadhaar. “All PAN holders, who do not come under the exempt category as per notification no.

Detailed explanation-3: -If the PAN Card and the Aadhaar Card are not linked, you may be subject to a penalty of up to Rs. 10, 000 according to the Income Tax Act. In addition, if the two cards are not linked by March 31, 2023, your PAN Card may become inoperable.

Detailed explanation-4: -The last date to link Pan with Aadhaar is March 31, 2023. After March 31, PAN holders will be not able to use the 10-digit unique alphanumeric number.

Detailed explanation-5: -From next financial year, 1 April 2023, permanent account number (PAN) holders who have not linked their PAN number with Aadhaar will not be able to use the same. Post the deadline, ten-digit unique alphanumeric number will become inoperative.