The clock is ticking for taxpayers who have not yet linked their Aadhaar card with their PAN card. The deadline is fast approaching, and there will be a fine of Rs 1,000 for those who apply to link after June 30.
The Income Tax Department has warned taxpayers not to miss the deadline, saying that they will be “at their own risk” if they do. The department has also reminded taxpayers that it is mandatory for all PAN holders to link their PAN with Aadhaar.
There are a number of ways to link your PAN and Aadhaar. You can do it online, by post, or in person at a tax office. The easiest way to do it is online. You can go to the Income Tax Department website and follow the instructions.
If you need help linking your PAN and Aadhaar, you can call the Income Tax Department helpline at 1800 180 1961.
“As per Income-tax Act, 1961, it is mandatory for all PAN holders, who do not fall under the exempt category, to link their PAN with Aadhaar on or before 30.06.2023. Please link your PAN & Aadhaar today,” the Income Tax department tweeted.
Kind attention PAN holders!As per Income-tax Act, 1961, it is mandatory for all PAN holders, who do not fall under the exempt category, to link their PAN with Aadhaar on or before 30.06.2023.
Please link your PAN & Aadhaar today!#PANAadhaarLinking pic.twitter.com/hBxtSgRci8
— Income Tax India (@IncomeTaxIndia) June 13, 2023
What happens if you don’t link Aadhaar and PAN card?
The deadline to link your Aadhaar and PAN card is fast approaching. If you don’t link them by the deadline, you could face some serious consequences.
Your PAN card will become inoperative.
This means that you won’t be able to use your PAN card for any financial transactions, such as opening a bank account, investing in a mutual fund, or buying a property.
You’ll pay higher TDS and TCS.
If you don’t link your Aadhaar and PAN card, your employer or the company you’re doing business with will be required to deduct TDS and TCS at a higher rate. This means that you’ll end up paying more tax.
You won’t get your refunds.
If you have any pending refunds, you won’t be able to get them until you link your Aadhaar and PAN card.
Who needs to link Aadhaar and PAN?
If you have a PAN card that was issued on or after July 1, 2017, you are required to link it to your Aadhaar number by June 30, 2023. This is a new requirement under Section 139AA of the Income Tax Act.
The government has made this requirement in order to curb tax evasion and other fraudulent activities. By linking your PAN and Aadhaar, you are providing the government with a more secure way to track your financial transactions.
Read more – Last date to update Aadhaar for free extended: Check deadline and other key details
How to Check Your Aadhaar-PAN Card Link Status Online
It’s important to keep your Aadhaar-PAN card linked so that you can file your taxes and avail of other government benefits. Here’s how to check your link status online:
- Go to the Income Tax e-filing portal.
- On the homepage, click on “Quick Links” and then “Link Aadhaar Status.”
- Enter your PAN and Aadhaar numbers in the two fields provided.
- Click on “View Link Aadhaar Status.”
A pop-up message will appear with your Aadhaar-PAN card link status. If your Aadhaar and PAN are linked, the message will say, “Your PAN is already linked to the given Aadhaar.” If the two documents are not linked, the message “PAN not linked with Aadhaar” will appear on the screen. To link your Aadhaar with your PAN, click on “Link Aadhaar.”
If your Aadhaar-PAN link is in progress, the message “Your Aadhaar-PAN linking request has been sent to UIDAI for validation” will appear on the screen. You can check the status of your link request later by going to the Home Page and clicking on the “Link Aadhaar Status” link.
What is the deadline for linking PAN and Aadhaar?
The deadline for linking PAN and Aadhaar was extended to June 30, 2023. After this date, PAN will become inoperative and will not be accepted for any financial transactions.
What are the consequences of not linking PAN and Aadhaar?
If you do not link your PAN and Aadhaar by the deadline, your PAN will become inoperative. This means that you will not be able to use your PAN for any financial transactions, such as opening a bank account, investing in a mutual fund, or filing your income tax return. You may also face penalties from the Income Tax Department.
How can I link my PAN and Aadhaar?
You can link your PAN and Aadhaar online, by visiting the Income Tax Department website. You can also link your PAN and Aadhaar by visiting a nearby NSDL or UTI center.
What if I have multiple PAN cards?
If you have multiple PAN cards, you can link all of them to the same Aadhaar number.
What if I have not received my Aadhaar card yet?
If you have not received your Aadhaar card yet, you can still link your PAN and Aadhaar by using your Aadhaar enrolment ID or your 12-digit e-Aadhaar number.
What if I have forgotten my Aadhaar number?
If you have forgotten your Aadhaar number, you can retrieve it by visiting the UIDAI website.
Conclusion
The Aadhaar-PAN linking deadline has been extended to June 30, 2023. This means that all PAN holders who do not fall under the exempt category must link their PAN with Aadhaar by this date. Failure to do so will result in penal action from the Income Tax Department.
There are a number of ways to link your PAN with Aadhaar. You can do it online through the Income Tax Department’s website, by visiting a PAN service center, or by submitting a letter to the Income Tax Department.
Linking your PAN with Aadhaar is important for a number of reasons. It will help to prevent tax evasion and fraud, and it will also make it easier for you to file your taxes. If you have not yet linked your PAN with Aadhaar, I urge you to do so as soon as possible.
