PAN card of these people may become useless from January 1, if you do not do this important work now then there will be trouble.

PAN Card Update: With the beginning of the new year, there will be strictness in the rules related to PAN Card. If you have not yet linked your PAN card with Aadhaar card, then your PAN card will become inactive from January 1. Inoperative It is possible

Clear instructions have already been issued by the Income Tax Department in this regard. PAN-Aadhaar Linking has been made mandatory and ignoring it may cause problems to people in many tasks related to banking and tax.

Why is it important to link PAN and Aadhaar? (PAN Card Update)

The aim of the government is to make the tax system transparent and to stop fake PAN cards. To ensure that a person has only one valid PAN card, it has been made mandatory to link PAN with Aadhaar.

What happens if PAN card becomes inoperative?

• Will not be able to file Income Tax Return (ITR)
• Problem in opening bank account or updating KYC
• Will not be able to do financial transactions of more than Rs 50,000
• Work related to mutual funds, share market and investment may stop.
• TDS can be deducted more

This means that your entire financial system may be affected.

Easy process to link PAN with Aadhaar

1. Visit the official website of Income Tax Department
2. Click on “Link Aadhaar” option
3. Enter your PAN number and Aadhaar number
4. Verify OTP received on mobile
5. Pay if charges apply
6. Linking will be completed once submitted

How to check whether PAN-Aadhaar is linked or not?

Go to the website and click on “Link Aadhaar Status” option. As soon as you enter PAN and Aadhaar number, the linking status will be visible on the screen.

If you want your PAN card to remain completely valid even after January 1, then complete the PAN-Aadhaar linking process without any delay. Waiting till the last moment can cause problems.