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SEBI has appealed to mutual fund investors to link their Aadhaar and PAN before March 31, 2023. The market regulator has clarified that all capital market transactions including mutual fund transactions will be disrupted due to non-linkage of PAN-Aadhaar after March 31, 2023.
SEBI said, “The provisions of Income-tax Act, 1961, make it mandatory for every person who has been allotted a Permanent Account Number (PAN) to intimate his/her Aadhaar Number to the prescribed authority so that the Aadhaar and PAN can be linked. This is required to be done on or before the notified date, failing which the PAN shall become inoperative.”
SEBI further said that all existing investors are required to ensure linking of their PAN with Aadhaar number prior to March 31, 2023 for continual and smooth transactions in securities market and to avoid consequences of non-compliance.
Your clients can visit incometaxindiafiling.gov.in. Alternatively, your clients can also visit https://www.utiitsl.com/ OR https://www.egov-nsdl.co.in/ to link their PAN and Aadhaar.
