How To Register New Bank Account Without Pan Card If you have not linked your PAN card to Aadhaar card yet, do it soon. If by 30 September you have not been able to do so, you will suffer a big loss. According to the order of the Income Tax Department, any PAN card which will not be linked to Aadhaar after September 30 will become inactive.

How To Register New Bank Account Without Pan Card
Earlier the rule was that if your PAN is not linked with your Aadhaar by the due date, the PAN will become invalid. The budget presented in July changed the pan-Aadhaar linking rules. When the law was first introduced in 2017, it said that PAN would become invalid if PAN was not linked with Aadhaar by the notified date.

How To Register New Bank Account Without Pan Card

According to experts, there is no clarity on what will happen next if PAN is not linked to Aadhaar by the notified date of 30 September. The government is yet to clarify whether an inactive PAN with Aadhaar can be reactivated or not. Regarding this, Abhishek Soni, CEO, and founder of the IT2 filing website, Tax2win.in, says,

As per the income tax law, it is mandatory to link PAN with Aadhaar and it has to be done by September 30, 2019. If Aadhaar is not linked with PAN Then the PAN of the taxpayer will be inoperative. This means that the taxpayer will not be able to use the PAN and it will be presumed that he does not hold the PAN card. "