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Unveiling the Aadhaar-PAN Linkage: 11.5 Crore PAN Cards Deactivated, But Hope Prevails

In a recent revelation by the Central Board of Direct Taxes (CBDT), it has come to light that a staggering 11.5 crore PAN (Permanent Account Number) cards have been deactivated due to their non-linkage with Aadhaar cards. This revelation follows an RTI request filed by Chandra Shekhar Gaur, an activist from Madhya Pradesh, as reported by The Hindu.

Key Points:

The revelation of such a large number of deactivated PAN cards underscores the significance of adhering to regulatory mandates. The mandatory linkage of PAN and Aadhaar serves as a crucial step in enhancing financial transparency and curbing tax evasion.

As individuals and entities navigate through this process, the ray of hope emerges in the form of the reactivation option, encouraging those affected to rectify their status by paying the stipulated fine.

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