Who is exempt from PAN-Aadhaar linking?
Individuals falling under the exempt category are not required to link their PAN with Aadhaar by 30th June 2023. The exempt category includes:

• Residents of Jammu & Kashmir, Assam, and Meghalaya.
• Non-resident individuals as per the Income Tax Act, 1961.
• Super Senior Citizens (above 80 years of age).
• Individuals who are not Indian citizens.

Consequences of Not Linking PAN with Aadhaar
Failure to link your PAN with Aadhaar before the deadline will render your PAN inoperative, leading to the following consequences:

• Pending income tax returns will not be processed, and refunds will not be issued.
• TCS/TDS deductions will be applied at a higher rate.
• TCS/TDS credits will not appear in Form 26AS, and certificates will not be accessible.
• Submission of Form 15G/15H for nil TDS deduction will not be allowed.

Additionally, the following transactions cannot be completed with an inoperative PAN:

• Opening a bank account.
• Issuance of debit/credit cards.
• Purchase of mutual fund units.
• Cash deposits exceeding Rs. 50,000 in a bank or post office in a day.
• Purchase of bank drafts or pay orders in cash exceeding Rs. 50,000 in a day.
• Time deposits exceeding Rs. 50,000 or aggregating to more than Rs. 2,50,000 in a financial year with banks, NBFCs, or Nidhi companies.
• Payment for prepaid payment instruments exceeding Rs. 50,000 through bank drafts, pay orders, or banker’s cheques in a financial year.
• Sale or purchase of goods or services exceeding Rs. 2,00,000 per transaction.
• Bank transactions exceeding Rs. 10,000.

However, your PAN can be reactivated within 30 days by linking it with your Aadhaar number through the prescribed authority after paying a fee of Rs. 1,000.