A PAN card is a very useful document. With the help of this card, many of our important works are done. Much of our important information is recorded on the PAN card. It is demanded in carrying out many important tasks related to finance. Whether investing in the stock market, mutual funds, or opening a bank account, we need a PAN card everywhere. PAN card is issued by the Income Tax Department. With its help, the government can easily track tax evasion. At the same time, the Aadhaar card is being linked with many important documents these days. In such a situation, it has been made mandatory to link a PAN card with Aadhaar. If you do not link your PAN card with Aadhaar by June 30. In such a situation, you may have to face many problems. Let's know about it in detail -
You will have to pay a penalty of Rs 1,000 for linking your PAN card with your Aadhaar. If you do not link your PAN card with Aadhaar by June 30.
In such a situation, you will not be able to take a loan. The special requirement of a PAN card is to take a loan. Apart from this, if you do not link PAN with Aadhaar, you may have to face many problems in activities related to financial transactions.
While opening a bank account, you have to submit a copy of the PAN card to the bank. If you do not get this work done by 30th June. In such a situation, one may have to face difficulties in opening a bank account.
Apart from this, you may also face difficulties in filing an income tax return. The last date for linking PAN with Aadhaar was March 31, 2023, which was later extended to June 30, 2023.
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