Link pan with aadhaar

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...

Yet to link your PAN (permanent account number) and Aadhaar? You need to hurry and complete the process before June 30. Not taking action in time will result in your 10-digit PAN becoming inoperative from July 1. Moreover, there will be other repercussions too. If the tax department owes you a refund for excess taxes paid, the refunds will not be issued, and if any interest is due on such an amount, it will not be paid for the period during which PAN remains inoperative. Also, tax deducted at source (TDS) and tax collected at source (TCS) will attract higher rates. ALSO READ: TCS, TDS are not lost forever; you can claim the amounts back An inoperative PAN will mean that you will not be able to file your income tax returns. The linkage is also required as per the Securities and Exchange Board of India (SEBI) rules to invest in mutual funds and stocks. You can seed your Aadhaar with PAN through the income tax e-filing website (incometax.gov.in). You will, however, pay a late fee of Rs 1,000 before commencing the process. Also read: PAN-Aadhaar linking deadline extended till June 30 Here’s how you can complete the process: 1. Step one is to check whether you have already completed the process. You can visit the e-filing portal 2. If you have not completed the process, visit the portal to link your Aadhaar with PAN 3. Enter your PAN and Aadhaar details 4. If the two are linked, you need not take action 5. If they aren’t, then you will have to log in to www.incometax.gov.in (yo...

The federal government had initially set March 31, 2021 as the deadline for linking one's Aadhar card to the PAN card, but this was extended till June 30 to ensure that everyone had enough time to take up the task. While the IT department is still allowing tax payers to file returns without linking Aadhaar and PAN card, however, the federal tax department will not process the returns until PAN and Aadhaar are linked. Also, in case both PAN card and Aadhaar are not linked, you may not be able to open a new bank account or enjoy the benefit of various government schemes like Direct Benefit transfer, pension, scholarships etc. Here’s how you can link your PAN with Aadhaar Card online Before you link your Aadhaar with your PAN card, make sure you have both the documents handy with you. Also ensure that the details like – name, date of birth and gender are the same on both Aadhaar and PAN Card. In case of a discrepancy, you can visit UIDAI’s website to make the necessary changes or visit the nearest Aadhaar centre. Once you've made sure that everything else is in place, then follow the below process for online linking: Step 1 - Visit Link Aadhaar on the Income Tax department’s website - incometaxindiaefiling.gov.in Step 2 - Enter your Pan number; Aadhaar number; Name (exactly how it appears on your Aadhaar card) Step 3 – Complete the image verification as shown on the screen and hit “Link Aadhaar” How to Link Aadhaar with PAN by sending an SMS In case you’re not able to get onl...