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Indian Economy - Understanding the basics of Indian economic system

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Which section of the Income-tax Act 1961 will declare PAN Card as inoperative, if not linked with the Aadhaar by 30 June, 2021 ?

Section 234H

Section 212A

Section 228D

Section 246T

Explanation:

As per the new Section 234H of the Income-tax Act 1961, which has been recently introduced during Budget 2021, the PAN cards which are not linked to Aadhaar after June 30, 2021, would be declared “inoperative”, as well as a penalty of Rs 1,000 may also be imposed.

By: Rohit Middha

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