Aadhar pan card link

By Divya Bhati: The Income Tax Department extended the deadline for linking Aadhaar with PAN card last month. Taxpayers who have not yet linked their Aadhaar with PAN are advised to complete the process by June 30 to avoid the deactivation of their PAN card. The IT department has also clarified the consequences of a PAN card becoming inoperative. "Sub-section (2) of section 139AA of the Act makes it mandatory for every person who has been allotted a PAN as on 1 st July, 2017 to intimate his Aadhaar Number so that the Aadhaar and PAN can be linked. This is required to be done on or before a notified date, failing which the PAN shall become inoperative,"states the official circular by IT department. What will happened if PAN card become inoperative According to IT rules, if an individual fails to link their Aadhaar number as per section 139AA of the Income-tax Act, 1961, their PAN will become inoperative. This means the taxpayers will not be able to use or mention their PAN for filing returns, processing pending returns, issuing refunds, completing pending proceedings, or deducting taxes at a normal rate. Furthermore, the taxpayer may encounter difficulties with banks and other financial portals since PAN serves as an essential KYC criterion for financial transactions. How to check if Aadhaar is linked with PAN card online • Visit the Income Tax e-filing website at incometax.gov.in/iec/foportal/. • Look for the "Quick Links" section on the left-hand side of the page. • Click...

PAN-Aadhaar Link: PAN Card stands for Permanent Account Number Card. It is a unique ten-digit alphanumeric identification number issued by the Indian Income Tax Department of India to individuals, companies, and other entities. It serves as a proof of identity and is mandatory for various financial transactions in India, such as opening a bank account, investing in the stock market, and filing income tax returns. It helps in monitoring and regulating financial transactions and preventing tax evasion. Also Read: The Linking of PAN with Aadhar Number As per section 139AA in the Income-tax Act, 1961, it is mandatory for every person, who is eligible to obtain Aadhaar, to quote his Aadhaar number while applying for PAN or furnishing return of income with effect from July 1, 2017. If any person does not possess the Aadhaar Number but he/she has applied for the Aadhaar card then the person can quote the Enrolment ID of Aadhaar application Form in the ITR. PAN-Aadhaar Link Last Date The last date for linking Aadhaar with PAN is June 30, 2023. How To Link PAN With Aadhaar? Linking Via the Income-Tax Department Portal Step 1: Go to incometaxindiaefiling.gov.in, the e-filing portal of the I-T department. Step 2: Click on the ‘Link Aadhaar’ option under the ‘Quick Links’ section of the webpage. Step 3: This will redirect you to a new page where the PAN number, Aadhaar number and other required details like your name need to be entered. Linking Via SMS Step 1: Dial 567678 or 56161 on ...