The deadline to link PAN with Aadhaar card has been extended till 30th June, 2023, as per the finance ministry’s circular released on 28th March 2023. The extension comes shortly before the current deadline was set to expire on 31st March 2023.
PAN cards which are not linked with Aadhaar will become inoperative from 1st July 2023, the finance ministry said. The consequences will be that “no refund shall be made against such PANs”, “interest shall not be payable on such refund for the period during which PAN remains inoperative”, and “TDS and TCS shall be deducted at higher rate”, the release stated.
1. Link your PAN to Aadhaar
- Here’s how you can link your PAN to Aadhaar - Link Aadhaar User Manual | Income Tax Department
- Visit this link to link your PAN to Aadhaar - Income Tax Portal
2. Update your Nominee
If you do not add/update nominee details on your Trading and Demat account then it will be frozen for trading until the details are provided.
For Upstox customers, this is how to add a nominee: How can I change or add a new nominee to my account?
If you do not wish to add a nominee, kindly ensure you click the ‘Opt-out’ button on the Nominee Details page on the app. If you’ve already done the needful, then sit back and relax!