What are the consequences of having an inoperative PAN?

Created by Product Content Team, Modified on Tue, 1 Jul at 9:56 AM by Product Content Team

Permanent Account Number(PAN) is a unique number issued by the Indian Income Tax Department used to track financial transactions

As per the Income Tax Act, it is mandatory to link a PAN with an Aadhaar. Failing to link these two results in the PAN becoming inoperative.

Following are the consequences of an inoperative PAN:

Inability to file e-TDS.
Higher TDS rates applied.
Incomplete or mismatched tax information in AIS.
Unable to submit 15G/15H Declarations.

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