March 31 is here: Link PAN with Aadhaar, file updated ITR & submit Form 12B

With the deadline of March 31, 2023 fast approaching, several critical tasks must be completed to avoid potential headaches in the upcoming financial year. Here are some of the key ones you need to accomplish:

Link PAN and Aadhaar

The last date for linking the Permanent Account Number (PAN) and Aadhaar number is March 31. If you miss the deadline, your PAN will become inoperative. Maneet Pal Singh, partner, IP Pasricha & Co says, “If you fail to link them, you may not be able to file your income-tax return (ITR). Penalty for non-compliance is up to Rs 1,000.”

You