Inactive PAN: Taxpayers whose PAN has become inactive can no longer use it until it is updated by paying a fine. But a big update has come from the Income Tax Department for NRIs.
The last date for linking PAN and Aadhaar card (PAN-Aadhaar Card Linking) by the Income Tax Department has already passed on July 31. Taxpayers whose PAN has become inactive can no longer use it until it is updated by paying a fine. But a big update has come from the Income Tax Department for NRIs.
NRIs will get the way of address proof
The Income Tax Department on Tuesday said non-resident Indians (NRIs) and foreign nationals whose PAN (Permanent Account Number) has been deactivated due to non-linking with Aadhaar, will have to submit their residential address to the concerned assessing officer for its revival. Proof should be submitted. The department said that some Overseas Indians/Overseas Citizens of Indian Origin (OCI) have raised concerns regarding their PAN becoming inoperative.
Dear Taxpayers,
Concerns have been raised by certain NRIs/ OCIs regarding their PANs becoming inoperative, although they are exempted from linking their PAN with Aadhaar.
Further, PAN holders, whose PANs have been rendered inoperative due to non-linking of PAN with Aadhaar,…— Income Tax India (@IncomeTaxIndia) July 18, 2023
The Income Tax Department has written on Twitter that residential status is determined with reference to NRIs who have filed ITR in any of the last three assessment years or have informed the concerned Assessing Officer (JAO) about their residential status. Is. According to the department, PANs become inoperative in cases where the NRI has not updated his residential status or filed returns in the last three assessment years.
“NRIs whose PANs are inoperative are requested to submit relevant documents to their respective Assessing Officers with a request to update their residential status in the PAN related information,” the Income Tax Department said.
