If you failed to link your Aadhaar and PAN by the 31st March 2023 deadline, your PAN card may be deactivated. While the exact next steps are unclear, the CBDT might allow PAN reactivation with a higher penalty. Alternatively, the linking deadline could be extended, possibly also with a penalty. Further clarification is awaited.
13 March 2023
At present nothing clear about the next step. CBDT may allow the reactivation of PAN with higher penalty, or the linking process may get extended with higher penalty.