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Now It has become a mandatory process to link your PAN with Aadhaar, this is an important process because this will allow your income tax return to be processed , for now applicants of the PAN card, the Aadhaar PAN linking is done automatically.
How To Link Aadhaar With PAN?
For new applicants of PAN card, the Aadhaar PAN linking is done automatically during the application stage and for existing PAN holders, who were allotted PAN on before 1 July 2017 it is mandatory to link Aadhaar with PAN. The Link Aadhaar service is available to the individual taxpayers.
It is mandatory to link your Aadhaar with PAN to keep your PAN operational and carry out banking transactions above Rs. 50,000, you can still try and link your Aadhaar with PAN after the deadline by the income tax website and by paying the prescribed penalty of Rs. 1,000.
There are steps to link your Aadhaar with PAN online through the Income Tax efiling website:
- Visit the Income Tax eFiling website and click on the Link Aadhaar option under the quick link options.
- Then enter your PAN and Aadhaar number.
- Enter the name that is mentioned on the Aadhaar card.
- Enter your mobile number.
- Tick the mark that I agree to validate my Aadhaar details with UIDAI.
- After that pop up message will come on the link that PAN has been liked successfully.
How To Link Aadhaar with PAN online after deadline?
You may still try to link your Aadhaar with PAN after the deadline by the Income Tax website by paying the prescribed Aadhaar PAN link charges of Rs. 1,000 and make sure that your name is the same on both the PAN card and the Aadhaar card.
There are steps by step guide on how to link Aadhaar with PAN card online:
- Visit the e-Pay Tax page on the income tax eFiling website.
- Enter your PAN card number and mobile number to get OTP.
- After OTP verification you will be redirected to the page showing different payment tiles.
- Click on the proceed button on the tax tiles.
- Choose the 2024- 2025 and type of payment as other receipts 500 and click on the continue button.
- Fill the amount as Rs. 1,000 under the other field in tax break- up and proceed to make the payment process.
- Then submit the Aadhar linking request on the eFilling portal.
- After the Linking process now you can check the Aadhaar and PAN link status.
Is Aadhaar with a PAN link important?
The linking of your Aadhaar and PAN is required under the current regulations. The Aadhaar number is a must now to submit your income tax returns or seeking a new PAN, receiving monetary benefits from the government such as a pension, scholarship or LPG subsidy.
Linking the aadhaar card with a PAN card provides an audit trail for the government, the aadhaar card is now required for practically all transactions and the connectivity gives the income tax department an activity trail.
Individuals will find it exceedingly difficult to hold several PAN cards which has been one of the main techniques of dodging taxes by the distribution income among fraudulent PAN cards according to the government.
Taxpayers were required to have their PAN card with them all the time during submit returns, but now aadhaar information is also required. From a regulatory sense, you won’t be allowed to submit returns until your PAN card is linked to your aadhaar starting next year.
Benefits of Link Aadhaar with PAN?
There are benefits that come with linking the Aadhaar card with PAN card and can significantly improve peoples financial experience:
- Individuals can easily verify their tax information when both identities are linked, which lowers the possibilities of mistakes or conflicts.
- The government can more accurately verify a person’s identification by typing Aadhaar and PAN together, which lowers the risk of identity fraud and financial scams.
- By using the PAN card with Aadhaar card link, people can more quickly access a range of government benefits and services.
- Online banking, investment and other financial activities are made easier by linking Aadhaar and PAN cards.
- It unifies a person’s financial identity and makes it simpler to administer and keep track of the financial transactions.
- Individuals can ensure legal compliance and avoid the potential penalties.
- The ability to conduct Aadhaar based on e-KYC authentication for financial services is made possible by linking Aadhaar and PAN.
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