PAN will become inoperative if it is not linked with Aadhaar But as per section 234H of The Income Tax Act, 1961.
1) Penalty of INR 500 if PAN is linked with Aadhar within 3 months up to 30.06.2022and
2) Penalty of INR 1000 if PAN is linked with Aadhar post 30.06.2022
Apart from levying of penalty, if PAN is not linked with Aadhaar by this due date, then the PAN of an individual will become inoperative. Once the PAN becomes inoperative, then an individual will not be able to do financial transactions, wherever quoting of PAN is mandatory. These include investments in mutual funds, stocks, fixed deposits etc.
watch this video & link your Pan & Addhar
Is it mandatory to link Aadhaar with PAN for Queen of house(housewife)?
Answer :- Every person, who possesses both PAN and Aadhaar/Aadhaar Enrolment ID, should intimate the same to the Income Tax department.
