By the way, in today's time, almost every work is done with an Aadhaar card. That's why it has also become a very important document, but it does not mean at all that a PAN card is not in the category of an essential document. Many works can get stuck even in the absence of a PAN card. For example, financial transactions may stop, there may be difficulty in opening a bank account, difficulty in filing returns, etc. At the same time, for a long time, it is being asked to link an Aadhaar card with a PAN card, whose last date is now 30 June 2023. In such a situation, if you do not get your PAN card linked to your Aadhaar by this date, then many of your works may get stuck. So let us know what can happen if PAN is not linked with an Aadhaar card. You can learn about this in the next slides...
These losses can happen: -
The pan card can be inactive
According to the Ministry of Finance, your PAN card can be deactivated if you do not link your PAN card with your Aadhaar card. Therefore, get your PAN card linked with your Aadhaar within the stipulated time limit.
Will not be able to take a loan
One requirement of a PAN card is also there in taking a loan. When you take a loan, through this the bank checks how many loans you already have, if you have a loan, if are you returning it on time, etc. But if the PAN card is inactive, you will not be able to take a loan.
Problems with financial transactions
According to SEBI, if your PAN card becomes inactive, then it will stop working. This will also stop your transaction. At the same time, despite this, if you use a PAN card, then you may be fined.
The problem with an opening a bank account
When you open a bank account, your PAN card is also linked with your Aadhaar card. You have to submit a copy of this to the bank, but if your PAN card becomes inactive, then you may face difficulties in opening a bank account.
(PC: Freepik)
