Income Tax Department – The PAN cards were rendered inoperative for two primary reasons, according to the Income Tax Department.
The Income Tax Department has clarified concerns expressed by some Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs) about their PAN cards being inoperative. The government cited two conditions for rendering PAN cards ineffective: submitting an income tax return once in the previous three years and informing the Jurisdictional Assessing Officer of their residence status. It also provided a remedy to the problem. It should be remembered that the income tax department made the linking of PAN cards with Aadhaar obligatory, with the deadline expiring on June 30.
“Some NRIs/OCIs have expressed concern about their PANs becoming inoperative, despite the fact that they are exempt from linking their PAN with Aadhaar.” Furthermore, PAN holders whose PANs have been inoperative owing to the non-linking of PAN with Aadhaar have voiced worry about various ramifications of PAN being inoperative,” the government stated in a tweet.
Income Tax Department explains why To all taxpayers,
Certain NRIs/OCIs have expressed concern about their PANs becoming inoperative, despite the fact that they are excluded from connecting their PAN with Aadhaar.
Furthermore, PAN holders whose PANs have become inoperative owing to the failure to connect their PAN with Aadhaar,…
July 18, 2023 — Income Tax Department (@IncomeTaxIndia)
It then provided a comprehensive explanation.
“ITD has mapped NRIs’ residential status if they have filed an ITR in any of the last three fiscal years or have informed the Jurisdictional Assessing Officer (JAO) of their residential status.” “In the event that any of the above-mentioned criteria is not met, the PANs have been rendered inoperative,” the IT department stated in a tweet.
“The PANs of OCIs/foreign citizens, who may have applied for PAN under resident status and have not corrected/updated their residential status to the Jurisdictional Assessing Officer (JAO) or have not filed ITR in any of the last 3 AYs, have been rendered inoperative,” the tweet said.
After that, the government requested that NRIs and OCIs amend their residence status on the income tax website.
PAN cards of persons who did not connect them with Aadhaar were rendered inactive on July 1. The income tax administration has already said that it would take measures against such persons, including increased TDS and TCS rates and no refund.