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What happens if PAN becomes inoperative?

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Arun Arun
Answered on March 18,2020

If your PAN is not linked with Aadhaar by the current deadline of March 31, 2020, then the PAN will become inoperative. An individual having an inoperative PAN will not be able to conduct financial transactions wherever quoting it is mandatory.

PAN is a requirement for individuals for carrying out several financial transactions. An individual may not be able to open a bank account, sell/buy a property, and make investments without PAN etc. Using a non-operative PAN is the same as not having a PAN. You may face higher rates of TDS and may be barred from undertaking financial transactions.

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