11 February 2023
Hi , There are crores of people in India who have PAN. Most of them who are below or just above BPL line may not be knowing the overall importance of PAN. They might be holding it unknowingly as they would be having a bank account. Most of them might be unaware of PAN-Aadhaar linking on IT portal. If Aadhaar and PAN are not linked there is fine of Rs.1000 and sooner if not linked, PAN will be inoperative.Fine of Rs.1000 might seem a small amount but would matter to these people and if PAN becomes inoperative they may come to know about it later while for trying some financial transaction or taking some government benefit.
What is the remedy for this ? Can they still apply for a new PAN if it gets inoperative?
11 February 2023
Government would come out with some option, when the situation may get worst. As on today the deadlines have been extended for numerous times.
CAclubindia
