Yes, it is compulsory to link PAN with Aadhaar by June 30, 2023. The Income Tax Department (ITD) has made it mandatory for all PAN holders to link their PAN with Aadhaar. If you do not link your PAN with Aadhaar by the deadline, your PAN will become inoperative. This means that you will not be able to
use your PAN for any financial transactions, such as filing income tax returns, opening a bank account, or investing in shares or mutual funds.
There are a few exceptions to the PAN-Aadhaar linking rule. The following people do not need to link their PAN with Aadhaar:
People who are below the age of 18 years
People who are not citizens of India
People who have been issued a PAN card before July 1, 2017, and do not have an Aadhaar number
If you fall under one of these exceptions, you do not need to link your PAN with Aadhaar. However, you can still do so if you wish.
There are a few ways to link your PAN with Aadhaar. You can link your PAN with Aadhaar online, through the ITD website, or offline, at any NSDL or UTIITSL office.
To link your PAN with Aadhaar online, you will need to have your PAN card, Aadhaar card, and a valid mobile number. You can follow these steps to link your PAN with Aadhaar online:
Go to the ITD website and click on the "Link PAN with Aadhaar" link.
Enter your PAN and Aadhaar numbers.
Enter your mobile number and click on the "Send OTP" button.
Enter the OTP that you received on your mobile number.
Click on the "Submit" button.
Your PAN will be linked with your Aadhaar within a few working days.
If you do not have access to the internet, you can link your PAN with Aadhaar offline, at any NSDL or UTIITSL office. You will need to bring your PAN card, Aadhaar card, and a self-attested copy of your Aadhaar card to the office.
The officer at the office will verify your identity and link your PAN with your Aadhaar.
It is important to note that there is a penalty for linking your PAN with Aadhaar after the deadline. If you link your PAN with Aadhaar after June 30, 2023, you will have to pay a penalty of Rs. 1,000.
You can also link to PAN & Aadhaar through https://www.incometaxindiaefiling.gov.in/home