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Key regulatory updates for your reference and action in the coming days are highlighted below:
1. Link your Aadhaar with PAN
As per Income Tax rules, it has been made mandatory to link your Aadhaar with your PAN (on or before 30-Jun-2023). To check if your Aadhaar and PAN are already linked, or to link them now, please visit:
https://eportal.incometax.gov.in/iec/foservices/#/pre-login/bl-link-aadhaar
Please note: From 01-Jul-2023, all financial and service requests will not be processed if your PAN is not linked with Aadhaar.
2. Nomination for existing individual investors
Providing nomination (or opting out of an existing nomination) has been mandated and must be completed on or before 30-Sep-2023 by either submitting nominee details or providing an opt-out declaration.
You can submit nominee details or opt-out declaration conveniently using the OTP/e-Sign process. Alternatively, you may submit the duly filled and signed physical form.
If the required details are not registered within the given timelines, transactions will not be permitted from 01-Oct-2023.
Please Note: If you have already provided nomination, kindly ignore this notice.