The process of filing income tax returns is currently underway, and individuals can conveniently file their returns by visiting the Income Tax Department’s online portal.
It is essential to have a PAN card for filing income tax returns, as the process can only be completed using the PAN card.
However, individuals must pay close attention to a crucial requirement, as failure to comply could result in issues while filing their returns.
Income Tax Department’s Aadhaar-PAN Linking Deadline Approaching
The Income Tax Department has repeatedly emphasized the necessity of linking PAN cards with Aadhaar cards.
It is mandatory to complete this linkage, with the deadline set for June 30, 2023.
Individuals must ensure their PAN cards are linked with their Aadhaar cards before the specified date.
Consequences of Failing to Link PAN Card with Aadhaar Card
Failure to link the PAN card with the Aadhaar card by June 30, 2023, will render the PAN card inactive.
This could potentially lead to difficulties in conducting financial transactions and may cause significant complications when filing income tax returns.
File Income Tax Return by July 31, 2023, with Aadhaar Card Linkage
For the financial year 2022-23, individuals have until July 31, 2023, to file their income tax returns, provided their PAN card is linked with their Aadhaar card.
However, those who have not yet completed this linkage may encounter challenges while filing their returns.
To avoid any disruptions or inconveniences, it is crucial to promptly link your PAN card with your Aadhaar card.
