CURRENT AFFAIRS

Detailed explanation-1: -The Central Board of Direct Taxes (CBDT) made linking of PAN-Aadhaar mandatory. PAN will become inoperative if not linked to Aadhaar by March 31, 2023.

Detailed explanation-2: -The last date to link the PAN with Aadhaar was earlier extended from 31st March 2022 to 31st March 2023.

Detailed explanation-3: -Last date 31/03/2023, ” the income tax department said. You will not be able to use your PAN card if it becomes inoperative. The deadline to link PAN with Aadhaar has been extended several times in the past. The latest deadline for PAN-Aadhaar linking is March 31, 2023.

Detailed explanation-4: -The last date to link Aadhaar and PAN card is 31 March 2023. People must note down that all PAN cards that are not linked to Aadhaar cards before the last date will become inoperative by 1 April 2023.

Detailed explanation-5: -Ans. If you do not link your Aadhaar with PAN till 31st March 2023, your PAN will become inoperative. If PAN becomes inoperative, you will not be able to furnish, intimate or quote your PAN and would be liable to all the consequences under the Act for such failure.