The Central Board of Direct Taxes (CBDT) on March 28, 2023, extended the last date for linking PAN and Aadhaar. The date for linking PAN and Aadhaar has been extended to June 30, 2023. From July 01, 2023, the PAN of taxpayers who have failed to intimate their Aadhaar, as required, shall become inoperative.
The consequences during the period that PAN remains inoperative will be as follows:
1. No refund shall be made against such PANs
2. Interest shall not be payable on such refund for the period during which PAN remains inoperative
3. TDS and TCS shall be deducted /collected at a higher rate, as provided in the Act.