Do These 8 Financial Transactions Without Any Hassle Even If The PAN Card Is Inactive, See The Complete List Here

PAN Card: Many people’s PAN cards have been deactivated due to non-linking of PAN with Aadhaar till June 30 this year. Due to which they are facing difficulty. Now many people are getting their PAN activated by paying fine. However, it is taking a month. In such a situation, if you are also involved, we are telling you about those 8 financial transactions, which you can still do easily. PAN number will not be required for this. However, you will have to pay more TDS on the transaction.

This transaction can still be done

Banks can earn interest up to Rs 40 thousand (Rs 50,000 for senior citizens) on deposits in FD and RD.

Dividend above Rs 5,000 can be taken from companies and mutual funds.

Can sell properties worth more than 50 lakhs. However more TDS has to be paid.

Can buy a car worth more than 10 lakhs. However, more TCS has to be paid.

Can withdraw more than Rs 50,000 from EPF account.

If the room rent is more than 50 thousand per month then it can be paid.

30,000 or above 1 lakh rupees can be paid for contract works.

15,000 plus commission or brokerage may be charged. However more TDS has to be paid.

Extending the deadline by three months 30 June was done

Let us tell you that the deadline for linking PAN with Aadhaar was extended several times. The government finally extended the deadline for linking Permanent Account Number (PAN) with Aadhaar by three months to June 30, 2023. However, despite this, many people have not linked their PAN with Aadhaar. The government had already said that once PAN is deactivated, the taxpayer concerned cannot claim tax refund or interest on it. Apart from this, Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) will also be charged at a higher rate. The ministry said the PAN can be reactivated within 30 days after paying Rs 1,000 to the concerned authority. However, exempted category people will not face any action for PAN-Aadhaar linking.