The Central Board of Direct Taxes (CBDT) has issued a last reminder to all Indian residents to link their PAN cards to their Aadhaar cards in order to expedite financial transactions and eliminate tax evasion. And if a person fails to link their PAN and Aadhaar card with their PAN card would be turned inoperable from the next month. Apart from linking PAN and Aadhaar cards, there are several deadlines that must be met in June.
Important Deadlines You Can’t-Miss to Ignore
Higher EPF pension deadline
The Employees’ Provident Fund Organisation (EPFO) has extended the deadline for applying for a higher pension. The EPFO has extended the deadline for the second time. If you want to increase your pension then the person has a deadline until June 26, 2023.
Bank locker agreement deadline
By December 31, 2023, banks must complete the gradual renewal of locker agreements, according to a new deadline set by the Reserve Bank of India (RBI). The central bank required banks to notify all clients of the requirements by 30 April and to guarantee that 50% of current customers complete the amended agreement by 30 June and 75% of existing customers execute the revised agreement by 30 September, respectively.
Update Aadhaar card details online for free
UIDAI has made an announcement that refers that Aadhar card details can be updated online for free till Jun 14, 2023. Earlier the updation costs a fee of Rs.50 to update your details. You can update your details till 14 June via UIDAI’s official website for free. It is vital to note that this service is only available on the myAadhaar portal and will continue to cost Rs.50 at physical Aadhaar facilities, according to UIDAI.
PAN-Aadhaar Card linking deadline
The Income Tax Department implemented 30 June 2023 as the new date for linking the two crucial documents that are PAN-Aadhaar Card linking after a series of delays. The official added that “To provide some more time to the taxpayers, the date for linking PAN and Aadhaar has been extended to 30th June 2023, whereby persons can intimate their Aadhaar to the prescribed authority for Aadhaar-PAN linking without facing repercussions,”. If a taxpayer fails to do the linking by June 30th, their PAN cards will expire, and they will no longer be able to file income tax returns or use some of the banking services, or trade on the stock exchange.