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December 12, 2022

Know 4 individuals for whom PAN Aadhaar Link is exempt

by CA Shivam Jaiswal in Compliance Law

Know 4 individuals for whom PAN Aadhaar Link is exempt

All PAN card holders, who have not linked their Aadhaar with PAN yet, are requested to do so immediately. Failure to do so by 31 March 2023 will lead to the unlinked PAN becoming inoperative. There are 4 exempt categories for whom linking is not mandatory.

The following Individuals or PAN holders are exempted to Link PAN & Aadhaar if they do not possess Aadhaar number or Enrolment ID and there are 4 conditions

1) Residing in the States of Assam, Jammu and Kashmir and Meghalaya

2) a non-resident as per Income-tax Act, 1961

3) of the age of eighty years or more at any time during the previous year

4) not a citizen of India So Do-not wait and link now, as once your PAN becomes inoperative, it will be difficult to initiate any financial transactions

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