𝐏𝐀𝐍 𝐂𝐀𝐑𝐃 & 𝐀𝐀𝐃𝐇𝐀𝐑 𝐂𝐀𝐑𝐃 𝐋𝐢𝐧𝐤𝐢𝐧𝐠 𝐝𝐚𝐭𝐞 𝐞𝐱𝐭𝐞𝐧𝐝𝐞𝐝 𝐭𝐨 𝟑𝟎𝐭𝐡 𝐉𝐮𝐧𝐞, 𝟐𝟎𝟐𝟑

𝑩𝒆𝒇𝒐𝒓𝒆 𝑨𝒎𝒆𝒏𝒅𝒎𝒆𝒏𝒕 :-
As per section 139AA, Where a person fails to link his Aadhar with PAN upto 31st march, 2022, the PAN of such person shall become inoperative w.e.f., 1st April, 22 till the same is linked and until such date it shall be deemed that the person has not quoted his PAN in any transaction, thus becoming liable for penalty u/s 272B.

𝑬𝒙𝒑𝒍𝒂𝒏𝒂𝒕𝒊𝒐𝒏 1 :- If assessee link Aadhar with PAN on or after 01/04/2022 then he is required to pay fees as per section 234H.

𝑬𝒙𝒑𝒍𝒂𝒏𝒂𝒕𝒊𝒐𝒏 2 :-As per this section, if assessee fails to link till 31/03/22 then PAN will be inoperative but as per CBDT negative consequences of not quoting or not furnishing PAN shall be applicable from 01/04/23.

𝑬𝒙𝒑𝒍𝒂𝒏𝒂𝒕𝒊𝒐𝒏 3 :-PAN will be operative from the date on which it's linked with Aadhar

𝑨𝒎𝒆𝒏𝒅𝒎𝒆𝒏𝒕 :-
There is a change in Above Explanation No.2 i.e., Now the date attracting negative consequences for non-linking PAN with Aadhar shall be applicable from 01/07/2023.

𝑨𝒇𝒕𝒆𝒓 𝑨𝒎𝒆𝒏𝒅𝒎𝒆𝒏𝒕 :-
All same as per earlier law and only there is change in explanation no. 2 Refer below.
𝑬𝒙𝒑𝒍𝒂𝒏𝒂𝒕𝒊𝒐𝒏 2 :-As per this section, if assessee fails to link till 31/03/22 then PAN will be inoperative but as per CBDT negative consequences of not quoting or not furnishing PAN shall be applicable from 01/07/23.

By CA RAJAK BERI