The Ministry of Finance, in a notification dated September 28, 2019, announced that it has extended the deadline to link PAN with Aadhaar to December 31, 2019. Earlier this deadline was September 30, 2019.
This extension will come as a relief for those individuals who still have not linked their PAN with their Aadhaar.
If your PAN is not linked with Aadhaar by the extended deadline, then as per current laws your PAN will become inoperative. However, the government is yet to notify the implications of 'inoperative' in case PAN is not linked with Aadhaar.
It is likely that if a person's PAN becomes inoperative it will be treated as if the individual is not holding the PAN and he/she would be unable to conduct financial transactions where quoting of PAN is mandatory.
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