PAN card News
The Central Board of Direct Taxes (CBDT), in a notification, said furnishing the Permanent Account Number (PAN) or biometric Aadhaar will be mandatory for such high-value deposits or withdrawals from banks in a financial year, or opening of a current account or cash credit account with a bank or post office.
The recent notification issued by the CBDT, states that failing to link Aadhaar and PAN results in a punishment of up to Rs 1,000. The initial step should be to link your Aadhaar and PAN as soon as possible. Link PAN-Aadhaar within three months of now, that is, by June 30 this year, to save at least Rs 500.