#pan aadhaar linking

[babatax]

How to link PAN with Aadhaar by May 31 to avoid Income Tax Notice?

Link PAN with Aadhaar: In cases where PANs of the deductees/ collectees have been inoperative, the TDS is deducted at higher rates. However, the income tax department has said that no action will be taken for a short deduction of TDS in case the assessee links his/her PAN with Aadhaar by May 31. Know how to link your PAN with Aadhaar. As per income tax rules, if a Permanent Account Number (PAN)…

[accteezindia]

Contact for assistance: 📞 WhatsApp: https://wa.me/+918860632015 📧 Email: consult@accteez.com

Link Aadhaar Card with PAN (Complete Process):

⚫Visit https://www.incometaxindiaefiling.gov.in/. ⚫Log in or register. ⚫Find Aadhaar linking option. ⚫Enter PAN, Aadhaar, details. ⚫Verify via OTP on mobile. SMS Method:

SMS UIDPAN <12-digit Aadhaar> <10-digit PAN> to 567678 or 56161.

Note: Ensure name, DOB, gender match on both cards. For assistance, contact the provided details.

[milifemarketing50]

How to Link Aadhaar Card with Pan Card Online

Overview

The linking of the Aadhaar number with the Permanent Account Number (PAN) card has been a significant move in India’s financial landscape. This process aims to streamline and enhance transparency in financial transactions, prevent tax evasion, and promote efficient governance. In this blog, we will delve into the importance of linking your Aadhaar number with your PAN card, the process involved, and the implications of not doing so.

What is PAN and Aadhaar?

The Permanent Account Number (PAN) is a 10-digit alphanumeric identifier issued by the Income Tax Department of India. It plays a vital role in monitoring financial transactions that attract tax liability from a single source, making it convenient for the government to maintain accurate tax records. Notably, having a PAN card is mandatory for filing income tax returns. Moreover, PAN serves as an authentic identity proof for various purposes.

The Aadhaar card is a 12-digit unique identification number issued by the Unique Identification Authority of India to every Indian citizen. It serves the dual purpose of identity and address proof. In recent times, the Indian government has made it compulsory for all citizens to possess a single identification document. This requirement includes linking your Aadhaar card with PAN, irrespective of whether you file an income tax return or not.

Why is it important to link Aadhaar number with PAN card?

Linking your Aadhaar number with your PAN card is essential for several reasons:

Prevent tax evasion: It enables the government to monitor financial transactions effectively, reducing the scope for tax evasion.

Simplified income tax filing: It streamlines the process of filing income tax returns, making it more convenient for taxpayers.

Effective identity verification: Linking Aadhaar with PAN ensures the accuracy of personal details, reducing the risk of identity fraud.

Eligibility for government subsidies:Many government welfare schemes require Aadhaar-PAN linkage for beneficiaries to receive their entitlements.

How to link Aadhaar number with PAN card

There are multiple methods to link your Aadhaar card with PAN, such as through SMS, online portals, and during the PAN application process. The official Income Tax e-filing website provides a user-friendly platform for creating an Aadhaar-PAN link. The online linking facility is accessible to all citizens of the country, ensuring a hassle-free process. This mandate for linking Aadhaar with PAN aims to enhance transparency and streamline financial transactions, making it a crucial step in India’s financial compliance framework.

Online Method of Linking Aadhaar number with PAN

Follow these steps to link PAN with Aadhaar:

Visit the official website www.incometaxindiaefiling.gov.in and click on the link to link Aadhaar.

Provide PAN number, Aadhaar number, enter the actual name as per Aadhaar card and enter the captcha code. Then click on ‘link Aadhaar’.

Make sure the name, gender and date of birth in Aadhaar in PAN is exactly the same.

Follow these steps to link PAN and Aadhaar after logging to the income tax website:

Register yourself on the portal of income tax e-filing.

Go to the profile setting and click on ‘link Aadhaar’.

Enter your login ID, password and date of birth to log in to the official portal of Income Tax Department.

Click on the option ‘Aadhaar link to PAN’ in the pop up window.

Cross check the details that will automatically appear on the e-filing portal.

Enter your Aadhaar card number and captcha code and click on ‘link Aadhaar’ button. A message will pop up confirming the successful linking process.

Apart from the online process, you can link Aadhaar card with PAN card using the simple SMS process:

Send SMS to 567678 or 56161 in the format: UIDPAN <12 DIGIT AADHAAR NUMBER> <10 DIGIT PAN>

Missed due date for Aadhaar-PAN linking? Here’s what you need to know!

The deadline for linking your Aadhaar and PAN card was June 30, 2023, and the government has not granted an extension to this deadline. Failure to link your PAN and Aadhaar by this date will render your PAN inoperative.

Starting from July 1, 2023, if your PAN is not linked with Aadhaar, it will be considered inoperative. However, there is an option to reactivate your PAN by submitting the Aadhaar-PAN linking request after June 30, 2023. This reactivation process will require you to pay a penalty.

It’s crucial to stay updated with any changes or announcements from the government regarding the Aadhaar-PAN linking process to ensure compliance with tax regulations and avoid any disruptions in your financial transactions.

Who is exempted from linking Aadhaar with PAN?

Referece:

There are specific categories of individuals who are not mandated to link their Aadhaar with their PAN card. These exemptions include:

Residents of Assam, Jammu and Kashmir, and Meghalaya.

Non-residents as defined by the Income Tax Act, 1961.

Individuals aged 80 years or above at any point during the previous year.

Non-citizens of India.

It’s important to note that individuals falling within any of these exempt categories can voluntarily choose to link their Aadhaar with their PAN without incurring any fees. Furthermore, it’s essential to stay updated on any potential modifications to these exemptions, as they are subject to change in the future.

Implications of not linking Aadhaar with PAN

If you fail to link your Aadhaar with PAN, the consequences can be significant. The most notable impact is on the Tax Deducted at Source (TDS) rate. Suppose your PAN is not linked to Aadhaar by the specified deadline. In that case, the TDS rate on various financial transactions may increase to 20%, which is substantially higher than the usual rates.

Illustration: Let’s say you have a Fixed Deposit (FD) with a bank that provides an interest rate of 6% annually. Without Aadhaar-PAN linkage, the TDS rate on the interest earned would be 20%. So, if your FD earns Rs. 10,000 in interest, Rs. 2,000 would be deducted as TDS, leaving you with only Rs. 8,000.

PAN Card Status: Operative and Inoperative

PAN cards can have two statuses: operative and inoperative. An operative PAN card is one that is linked with your Aadhaar number, while an inoperative PAN card is not linked.

Consequences of an Inoperative PAN Card

If your PAN card becomes inoperative due to the lack of Aadhaar linkage, you may face difficulties in conducting various financial transactions. Additionally, you could be penalized with a higher TDS rate, as mentioned earlier.

How to Make a PAN Card Operative

After June 30, 2023, PAN which is not linked with Aadhaar, will be considered inoperative. However, there is an option to reactivate your PAN card by submitting the Aadhaar-PAN linking request which comes with a penalty.

If your PAN has become inactive, you can reactivate it by paying a fine. To initiate the Aadhaar-PAN linking request, follow these steps:

Go to incometax.gov.in/iec/foportal/ and navigate to ‘e-Pay Tax’ to start the Aadhaar-PAN linking process.

Enter your PAN details and proceed to CHALLAN NO./ITNS 280 for submitting the Aadhaar-PAN linking request.

Ensure that the fee payment is made under Minor head 500 (Fee) and Major head 0021 [Income Tax (Other than Companies)] in a single challan.

Choose the mode of payment.

Enter your PAN, select the Assessment year, and provide your address details.

Enter the Captcha code and click on the Proceed tab to complete the process.

Conclusion

Linking your Aadhaar number with your PAN card is not just a regulatory requirement; it’s a crucial step toward a more transparent and efficient financial system. Failing to link the two may lead to higher TDS rates and complications in your financial transactions. So, it’s essential to complete this process in a timely manner to enjoy the benefits and avoid unnecessary hassles. Those who failed to complete the process must know the implications and submit a linking request to further make their PAN card operative.

MI Lifestyle is dedicated to incorporating best practices and complying with all regulatory standards, maintaining the utmost levels of ethics and transparency. It is crucial to highlight that the compulsory linking of Aadhaar with PAN is a requirement for all citizens of India. And hence, it is necessary for every Indian citizen, including MI Lifestyle distributors to be vigilant towards the government updates and announcements.

[banglakhobor]

পোস্ট অফিসেই করা যাবে প্যান-আধার লিঙ্ক! সঙ্গে কী কী সুবিধা মিলবে জেনে নিন

৩০ জুন, ২০২৩, PAN এবং আধার কার্ড লিঙ্ক করার শেষ তারিখ ছিল, অর্থ মন্ত্রণালয়ের রাজস্ব বিভাগের জারি করা বিজ্ঞপ্তি অনুসারে। কার্ডগুলি লিঙ্ক করার জন্য প্রদেয় ফি হল ১০০০ টাকা৷ যদি কেউ এই তারিখের মধ্যে তাদের কার্ডগুলি লিঙ্ক করতে ব্যর্থ হয়, তাহলে প্যান কার্ডটি নিষ্ক্রিয় হয়ে যাবে৷ Source link

[amitgopal390]

आधार पैन लिंक स्टेटस | पैन आधार लिंक स्टेटस | पैन आधार लिंक लास्ट डेट

आधार पैन लिंक स्टेटस पैन को आधार से लिंक करना क्यों जरूरी है? पैन-आधार को जोड़ने से ‘डुप्लिकेट’ पैन को समाप्त करने और कर चोरी रोकने में मदद मिलेगी। IT विभाग ने कहा है कि आयकर अधिनियम 1961 के अनुसार जो पैन कार्ड होल्डर्स छूट की श्रेणी में नहीं आते हैं, उनके लिए 30 जून, 2023 से पहले अपने पैन को आधार से लिंक करवाना अनिवार्य हैं। आधार कार्ड को पैन कार्ड से लिंक करने के लिए आयकर विभाग के ई-फाइलिंग…

[finkeys]

Do you pay taxes? If yes, it is crucial to understand the effects of not linking your Aadhaar number to your PAN card because the Central Board of Direct Taxes has set up repercussions for PAN being inactive in accordance with the recently substituted guideline.

[dailyreportonline]

Complete PAN-Aadhaar linking

PAN-Aadhaar linking PAN-Aadhaar: The government has made it mandatory to link PAN (Permanent Account Number) with Aadhaar. With the deadline approaching, it is crucial to complete the process before June 30, 2023. The earlier deadline of March 31, 2022 was extended to March 31, 2023 with a late fee of Rs 1,000. The deadline was subsequently extended by another three months to June 30, 2023. To…

[prudent-fins]

The Permanent Account Number (PAN) and Aadhaar linkage deadlines have been extended. Previously, the deadline to link PAN with Aadhaar was March 31, 2023. The last day to link your PAN to your Aadhaar has been extended by the Central Board of Direct Taxes (CBDT) to June 30, 2023.

[babatax]

Govt collects Rs 600 crore penalty for delay in PAN-Aadhaar linking

PAN-Aadhaar linking: The government has collected over Rs 600 crore as penalty for delay in linking PAN with Aadhaar, and about 11.48 crore Permanent Account Numbers are still not linked with biometric identity, Parliament was informed. “Number of PANs not linked with Aadhaar, excluding exempted categories, is 11.48 crore as on January 29, 2024,” Minister of State for Finance Pankaj Chaudhary…

[myitronline]

The date of linking the PAN-Aadhar Deadline Extended.

PAN-Aadhar Deadline Extended: The Income Tax Department giving the much-needed downtime to the Pan Card holders in India has extended the deadline to link PAN-Aadhaar to 30 June 2023. For more information visit the website.

[taxguidenilesh]

अब इस तारीख तक करना होगा पैन आधार लिंक - Last date for linking of PAN-Aadhaar extended

आयकर अधिनियम के प्रावधानों के अंतर्गत प्रत्येक व्यक्ति जिसे १ जुलाई २०१७ को PAN नंबर allot किया गया है, और वह व्यक्ति अपने PAN को Aadhaar से लिंक करने के लिए बाध्य है, उसे ३१ मार्च २०२३ के पहले अपना PAN-Aadhaar linking कर लेना है. इसके लिए १०००/- रुपये की फीस भरनी है. ऐसा नहीं करने पर १ अप्रैल २०२३ के बाद उस करदाता का PAN inoperative हो जायेगा और करदाता को उसके परिणामो का सामना करना होगा. करदाताओ को होने वाली असुविधा को ध्यान में रखते हुवे PAN-Aadhaar linking की तारीख ३१ मार्च २०२३ से बढ़ा कर

[technicallegend]

How to Link Your PAN Card to Aadhaar: A Step-by-Step Guide Technical legend

Linking your PAN card to Aadhaar is an essential process for Indian citizens as it helps in verifying your identity and filing income tax returns. In this article, we will provide a step-by-step guide on how to link your PAN card to Aadhaar.

Step 1: Visit the official website of the Income Tax Department

To begin with, you need to visit the official website of the Income Tax Department of India. You can do so by typing "https://www.incometaxindiaefiling.gov.in/" in your web browser.

Step 2: Log in to your account

Once you reach the website, you will see the option to log in. If you already have an account, you can use your user ID and password to log in. If you do not have an account, you will need to create one first.

Step 3: Go to the 'Profile Settings' section

Once you have logged in to your account, you will see the 'Profile Settings' option on the dashboard. Click on it to proceed.

Step 4: Click on 'Link Aadhaar' option

Once you are in the 'Profile Settings' section, you will see the 'Link Aadhaar' option. Click on it to proceed.

Step 5: Enter your PAN and Aadhaar details

After clicking on the 'Link Aadhaar' option, a new page will open up, where you need to enter your PAN and Aadhaar details. You will also need to enter your name as it appears on your Aadhaar card.

Step 6: Verify your details

After entering your PAN and Aadhaar details, you will need to verify them. Ensure that all the details are correct before proceeding.

Step 7: Click on 'Link Aadhaar'

After verifying your details, click on the 'Link Aadhaar' button to complete the process.

Step 8: Confirmation message

Once the linking process is complete, you will receive a confirmation message on your registered mobile number and email ID.

Alternate method to link PAN card to Aadhaar:

Apart from the online method mentioned above, there are other ways to link your PAN card to Aadhaar. Let's take a look at them:

SMS Method:

If you have registered your mobile number with Aadhaar, you can link your PAN card to Aadhaar by sending an SMS to 567678 or 56161. The message format is UIDPAN<SPACE><12 digit Aadhaar number><SPACE><10 digit PAN number>. For example, UIDPAN 123456789012 ABCDE1234F.

Offline Method:

You can also link your PAN card to Aadhaar offline by visiting the nearest PAN service center. You will need to fill out a form and submit it along with a self-attested copy of your PAN card and Aadhaar card.

Conclusion:

Linking your PAN card to Aadhaar is a simple process that can be done online or offline. It is important to link these two documents as it is mandatory for filing income tax returns. By following the above-mentioned steps, you can easily link your PAN card to Aadhaar and enjoy the benefits of a hassle-free tax filing experience

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[resulttak]

How to Link Pan Card with Aadhar Card and Check Pan Status Free in Hindi आसान भाषा मे

How to Link Pan Card with Aadhar Card: आधार कार्ड और पैन कार्ड लिंक कैसे करें। तो आइए जानते हैं आपको अपने मोबाइल से पैन कार्ड को आधार कार्ड के साथ कैसे लिंक करना है। और अगर आपने पैन कार्ड को आधार से लिंक नहीं किया तो आपको क्या-क्या नुकसान होगा, और किसको यह पैन कार्ड आधार के साथ लिंक करना है या नहीं करना है पूरी जानकारी आपको विस्तार नहीं मिलेगी। यहां पर जिसके बाद आप फाइनली अपना पैन कार्ड यहां से…