India News - Indian expats alert: Deadline issued for PAN, Aadhaar card holders

India News - Indian expats alert: Deadline issued for PAN, Aadhaar card holders
India News - Indian expats alert: Deadline issued for PAN, Aadhaar card holders

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Aden - Yasmine El Tohamy - PAN is a 10-character alphanumeric identification number issued by Income Tax Department.

Indian expats and citizens have been advised to link their PAN and Aadhaar cards by December 31, 2019.

According to a report in the Economic Times, India's income tax laws will deem the PAN card as inoperative if it is not linked with the Aadhaar card by the mentioned deadline.

The date of linking Permanent Account Number (PAN) with Aadhaar had been extended from September 30 to December 31, the Indian government said on September 28.

A notification from the Central Board of Direct Taxes (CBDT) said: "In exercise of the powers conferred under Income Tax Act 1961, the Central Government hereby amends the notification of the Ministry of Finance (Department of Revenue) dated 31st March 2019, published in the Gazette of India, dated 1st April 2019." Earlier also, the Centre had extended the deadline from March 31 to September 30.

PAN is a 10-character alphanumeric identification number issued by Income Tax Department that links the financial transactions with an individual while Aadhaar is a 12-digit identification issued by the Unique Identification Authority of India (UIDAI).

(With inputs from ANI) 

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