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What do you stand to lose if you have not linked your PAN Card with Aadhaar

Find out about government rules, exemptions, the significance of linking PAN and Aadhaar cards, and the repercussions of not doing so.

PAN Aadhaar Link: PAN card is also a crucial document, just as Aadhar card. PAN cards are utilised for all financial and tax-related transactions. This explains why millions of people in the nation possess PAN cards. PAN cards are unquestionably held by employed persons and merchants in particular. Connecting your PAN card to Aadhaar is crucial. However, it’s not required to connect some people. In this regard, some regulations have also been made.

Government Deadlines for PAN-Aadhaar Linking

The government has set numerous deadlines in the past few years for connecting PAN and Aadhar cards. The deadline has passed. The government provides a variety of PAN card-related information. it also discusses how it should be used. We’re going to inform you who doesn’t need to link their PAN and Aadhaar today.

Exemptions for Certain Individuals

It is not necessary for some persons to link their PAN card to their Aadhar card. Those over the age of 80 are among them. In addition, non-residents or individuals without Indian citizenship are subject to the Income Tax Act. They can also disconnect the PAN card.

Simultaneously, PAN Aadhaar can be linked by citizens of the states of Jammu & Kashmir, Assam, and Meghalaya. Thus, it is not necessary to link these as well. Specifically, individuals who haven’t connected their PAN to Aadhaar. There PAN card has been deleted.

Consequences of Non-Compliance

those who did not connect PAN to Aadhaar. Their income tax returns cannot be filed. You won’t be allowed to do any bank-related activities in addition to this. will not be eligible to participate in every government programme. This is because, in the modern world, KYC is crucial for everything.

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