# pan card
6 posts in `pan card` tag
Alert for PAN Card Holders: Income Tax Department May Impose Rs 10,000 Fine - Check Details
The permanent account number (PAN Card) is an important identity card for all financial transactions. While PAN is necessary for most tasks, carrying it around can be risky.
Income Tax Department Clarifies Inoperability of PAN Cards for Certain NRIs: Read the Details
Despite this, certain NRIs and OCIs, who were exempted from linking their PAN with Aadhaar, expressed concerns over their PANs becoming inoperative.
Clarification by IT Department: Actions for NRIs with Inoperative PAN Cards Explained
When foreign citizens and OCIs (Overseas Citizens of India) apply for PAN cards under resident status but fail to correct or update their status with the Jurisdictional Assessing Officer or haven't filed an Income Tax Return (ITR) in any of the previous three assessment years, their PAN cards become inoperative.
8 Financial Transactions You Can Still Do with an Inactive PAN Card: Exploring Possibilities
Having an inactive PAN can pose challenges for individuals when conducting certain transactions. However, there are specific transactions that can still be carried out with an inactive PAN, For more information, refer to the following article.
Link Pan Aadhaar june30 prevent Pan deactivation
Haven't linked your PAN (permanent account number) and Aadhaar yet? It's important to act quickly and complete the process before June 30. Failing to do so will render your 10-digit PAN inactive starting from July 1.
PAN Aadhar Linking Deadline Extended
The Income Tax Department giving the much-needed downtime to the Pan Card holders in India has extended the deadline to link PAN-Aadhaar till 30 June 2023. The deadline for linking PAN and Aadhaar has been extended to June 30, 2023, in order to provide taxpayers more time.