If you also have a PAN card, then it is very important for you to know this news, because PAN card holders are advised to link their Permanent Account Number (PAN) with Aadhaar card number by 31 March 2022. If you do not link your PAN Aadhar before this deadline, then your PAN card can also be deactivated.

New Delhi. If you also have a PAN card, then this news is very important for you. PAN card holders are advised to link their Permanent Account Number (PAN) with Aadhaar card number by 31 March 2022. If you do not link your PAN with Aadhaar before this deadline, then your PAN card can also be deactivated. Apart from this, you will also have to pay Rs 1,000 for linking PAN with Aadhaar.

The problem of the PAN card holder will not end here, as the person will not be able to invest in mutual funds, stocks, open bank accounts, etc., where it is necessary to present the PAN card.

Also read: RBI approves offline digital payment, now payment will be done without internet and mobile network

These PAN card holders will have to pay Rs 10,000
Further, if the person produces a PAN card, which is no longer valid, then under section 272N of the Income Tax Act 1961, the Assessing Officer may direct that such person shall pay an amount of Rs 10,000 as penalty.