Link PAN With Aadhaar Before May 31: Income Tax Department To Taxpayers

ITR Filing 2024: The Income Tax Department has issued a fresh notification, asking the regular taxpayers to link their Permanent Account Number (PAN) with Aadhaar by May 31, 2024. Taking to X, the I-T department said that those who fail to meet the deadline will face a higher rate of tax deduction at source (TDS).

“Kind attention taxpayers, please link your PAN with Aadhaar before May 31st, 2024… Linking your PAN with your Aadhaar by May 31 ensures you don’t face higher tax deduction/ tax collection under Section 206AA and 206CC of the Income Tax Act, 1961, due to an inoperative PAN for the transactions entered into before March 31, 2024,” the income tax department stated in the official notification.

The taxpayers must note that this is not the first time the department has asked citizens for PAN-Aadhaar linking. In another circular on April 23, 2024 (CBDT Circular No. 6/2024), the Central Board of Direct Taxes (CBDT) outlined the regulations and potential consequences of not linking PAN with Aadhaar.