The PAN card is an important document required for various financial activities including filing and filing income tax returns. According to a release from the Central Commission for Direct Taxes (CBDT), the date of linking Aadhaar with PAN has been extended to June 30, 2023. So today is the last day and there is no further extension period. .
The Central Commission for Direct Taxes (CBDT) reported a notable discrepancy between the number of PAN cards issued and those associated with the Aadhaar number. A report published in February stated that around 610 million individual PANs have been issued so far. About 480 million of them are associated with Aadhaar. You can use this article as a complete guide to help you link Aadhaar to your PAN card, check your card’s online status and more.
What are the different ways to link Aadhaar with PAN card?
Via SMS
- Enter “UIDPAN “
- Send this SMS to 56161 or 567678.
NOTE: Only use your registered mobile phone to complete this process.
Via the portal of the Corporate Income Tax Department
- Access the official electronic application portal.
- Click on the Aadhaar Link option in the Quick Links tab.
- Enter your Aadhaar and PAN card number.
- Verify your PAN card and mobile number to get OTP.
- Now go to Income Tax File Process and enter your payment method and assessment year.
- Once your payment is successful, your PAN card will be linked to your Aadhaar.
In addition, there is no fee for linking Aadhaar and PAN until March 31, 2022. ITD is offering a fee of Rs. 500 for Aadhaar-PAN association from April to June 2022. And currently, anyone who links their Aadhaar to PAN after July 2022 will have to pay the amount of Rs 1000 as a fee.
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How to check Aadhaar PAN link status?
Follow these step by step instructions to check Aadhaar PAN link status:
- Visit the official website of the Income Tax Department.
- Now enter your 10 digit PAN number and your 12 digit Aadhaar number.
- Go to ‘View Aadhaar Link Status’.
- You will receive your information in a few seconds.
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What are the disadvantages of not linking Aadhaar to PAN?
Just in case, if you’re thinking of passing this ultimatum, don’t. Once your PAN card becomes inactive, you will not be able to use and perform various government services, such as:
- Filing an income tax return with an inactive PAN card will be difficult.
- No pending tax returns will be processed.
- Unusable PAN cards cannot receive pending tax refunds.
- Once the PAN is no longer active, pending procedures, such as those involving incorrect refunds, cannot be completed.
- When the PAN is inactive, tax will have to be deducted at a higher rate.
- Invalid PAN cards cannot be used for important payment transactions.
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FYI, the importance of Aadhaar PAN association may be because it prevents tax evasion by ensuring that a person’s PAN is linked to their Aadhaar, providing a unique identification number. It also makes it easier to file income tax returns and makes it easier for the government to verify the identity of citizens.
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Categories: Trends
Source: HIS Education