MFDs have six more months to ensure that their clients link Aadhaar and PAN.
The government has extended the last date for mandatory linking of Aadhaar and PAN by another six months to March 31, 2022. The previous deadline was September 30, 2021.
In a press release, the Central Board of Direct Taxes (CBDT) said the decision was taken in view of hardships being faced by "various stakeholders on account of the Covid-19 pandemic."
This is the fourth time that the government has extended the last date for linking of two documents. At first, the deadline was set as March 31, 2021. It was later extended to June 30 and then to September 30. Now, it has been pushed to March 31, 2022.
Linking of both the documents before the last date is important for continuity of mutual fund transactions. This is because PAN numbers, which are required for MF transactions, will become invalid if they are not linked to Aadhaar.
