Aadhar and pan card link

Premium PAN card-Aadhaar linking: Why it is mandatory; what happens if you don’t Capital markets regulator Securities and Exchange Board of India (SEBI) too on Wednesday directed investors to link their PAN with their Aadhaar by the end of this month to continue doing transactions in the securities market. The Central Board of Direct Taxes (CBDT) has asked all taxpayers to link their permanent account number (PAN) with their Aadhaar by March 31, 2023. Any non-compliance will mean that the PAN will become inoperative from April 1, 2023. UPDATE: On March 28, the government extended the deadline for linking PAN and Aadhaar by three months to June 30, 2023 Capital markets regulator Securities and Exchange Board of India (SEBI) too on Wednesday directed The Income-tax Department announced the linking of PAN with Aadhaar after it came across instances where multiple permanent account numbers (PANs) were allotted to one person, or where one PAN was allotted to more than one person. To have a robust way of de-duplication of the PAN database, it was made mandatory for a taxpayer who is eligible to obtain Aadhaar, to quote his Aadhaar in the application form for PAN and return of income. Who needs to link PAN with Aadhaar? As per a circular issued by CBDT in March 2022, the Income-tax Act makes it mandatory for every person who has been allotted a PAN as on July 1, 2017, to intimate his/her Aadhaar number so that Aadhaar and PAN can be linked. This is required to be done on or befor...

How to Link Aadhaar with PAN Online and Offline Last Updated -- April 4th, 2023 Permanent Account Number ( If a person must make a financial transaction worth more than Rs 50,000, they must link the Aadhaar card to the PAN card. Connecting a PAN number to an Aadhar number is a straightforward operation that may be accomplished in various ways. Table of contents • • • • • • • • • • • • • Why Link Your Aadhaar to PAN Card? Without linking the Aadhaar card to the PAN card of an individual/entity, citizens will be barred from performing several activities, especially financial activities. If this process is not completed before the deadline, they will have to pay an amount of ₹1,000, and their PAN card will also become inoperative. Earlier, there was no penalty provision for not linking Aadhar to PAN cards, but this time, the government has added a penalty for not linking the two identification documents. It is essential to link Aadhar and PAN cards to avoid such circumstances. Who Needs to Link Aadhaar to PAN Card? Any entity or an individual who needs to file an income tax return (ITR) or make banking transactions and other services of more than ₹ 50,000 need to link Aadhaar Card with PAN Card. They need to link both to save themselves from any tax evasion frauds. How to Link Aadhaar to PAN? There are three ways to link Aadhaar with PAN Card. These ways to link the two are as follows:- • Through the " Income Tax portal". • By sending an " SMS" for linking both documen...