Link your PAN with Aadhar Before 31st March 2023
What is PAN Card
A Permanent Account Number (PAN) is
a ten-character alphanumeric identifier, issued by the Indian Income Tax
Department, to any "person" who applies for it. PAN is a mandatory
form of identification for filing Income Tax returns, making certain
transactions, and for any other purpose as specified by the Income Tax Act,
1961. It is issued in the form of a laminated card, known as the PAN Card. The
PAN Card contains the PAN number, the name of the holder, his/her photograph,
and the date of birth.
The PAN Card is issued to any
individual, Hindu Undivided Family, Company, Trust, Limited Liability
Partnership, Society, etc. It is also used for identity verification purposes
by banks, financial institutions and other organizations.
What is Aadhar Card
Aadhaar is a 12-digit unique
identity number issued by the Indian government to every individual resident of
India. The number is linked to the individual's basic demographic and biometric
information such as name, date of birth, address and iris scan, which is stored
in a centralized database. The Aadhaar card is issued by the Unique
Identification Authority of India (UIDAI).
The Aadhaar number can be used to
verify the identity of an individual when availing various government services
such as applying for a passport, opening a bank account, receiving subsidies
and benefits from the government, filing tax returns, etc. It also acts as a
proof of address and identity.
The government has made it
mandatory for all citizens to obtain an Aadhaar card for various purposes. It
is important to note that Aadhaar is not a replacement for other identity
documents such as passport, PAN card, voter ID, etc. It is an additional
document to provide a more secure and efficient way of verifying an
individual’s identity.
LINK YOUR PAN WITH AADHAR BEFORE 31st MARCH 2023
All PAN holders, who do not come
under the exempt category as per Notification No. 37/2017, dated 11th May, 2017
and have not linked their PAN with Aadhaar yet, are requested to do so
immediately. Failure to do so will lead to the unlinked PAN becoming
inoperative Don’t delay, link it today! Last Date 31/03/2023
PAN can be linked with a valid Aadhar on www.incometax.gov.in after
paying a fee of Rs.1000/-
HOW MUCH FEE IS REQUIRED TO BE PAID TO LINK PAN WITH AADHAR?
The campaign of Linking PAN with
Aadhar is run by CBDT from last 4-5 years. You can link PAN with Aadhar upto
31.03.2023 by paying fee of Rs.1000. If you do not link it upto 31.03.2023, the
PAN shall become inoperative.
WHAT ARE THE CONSEQUENCES OF NOT LINKING PAN WITH AADHAR
The consequences of not linking
your PAN with Aadhaar are that Your PAN will become inoperative. This means
that you will not be able to use your PAN to file your Income Tax returns, You
will not get Pending refunds , open a bank account, TDS will be deducted at
higher rates or make any financial transaction over ₹50,000. Moreover, the
Income Tax Department can take legal action against you if you fail to link
your PAN with Aadhaar.
WHO ARE NOT REQUIRED TO LINK PAN WITH AADHAR
1. Children below the age of 18
years
2. Non-resident Indians
3. Senior citizens above the age of
80 years
4. Persons who do not have an
Aadhaar number
5. Not Citizen of India
6. Resident of Assam, Jammu Kashmir
and Meghalaya
How to link PAN with adhar
Aadhar and PAN card can be linked
in two ways.
1. Online: Aadhar and PAN card can be linked online by visiting
the official website of the Income Tax Department. The website provides a link
on the home page to link these two cards.
2. Offline: Aadhar and PAN card can also be linked through an SMS
facility provided by the UIDAI. An individual can send an SMS in the following
format: UIDPAN<space>12-digit Aadhaar Number<space>10-digit PAN
Number to 567678 or 56161. Once the SMS is sent, the linking process will be completed
within a few minutes.
Address: AIAT Institute, 15 Bhande
Plot Umred Road Nagpur.
Phone: 9604121000
Website: www.aiatindia.com
Your PAN may become Invalid from April 1, 2023 if you don’t Link it withAadhar
All about PAN Card - (PAN) Permanent Account Number in India
No comments:
Post a Comment