Business Standard

Prevent NRIs' PAN from being declared inactive

The I-T Department hasn't made provision for allowing those ineligible for Aadhaar to mark their PANs, so the latter can be kept active after March 31


Harsh Roongta
Kripa, an overseas client, recently forwarded an email from her mutual fund registrar. It warned her to link her permanent account number (PAN) to her Aadhaar card by March 31, 2022, failing which there would be higher TDS (tax deduction at source), restrictions on further transactions, and a possible income-tax (I-T) penalty.  

Kripa holds an Overseas Citizen of India (OCI) card. According to the Aadhaar Act, she is not entitled to apply for Aadhaar unless she spends 182 days in India. The notification ( that allowed non-resident Indians (NRIs, who are Indian citizens) to apply for Aadhaar
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of or the Business Standard newspaper

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First Published: Feb 20 2022 | 9:56 PM IST

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