PAN is a ten-digit distinctive alphanumeric quantity issued by the Income Tax Department.
PAN-Aadhaar Link: There are some exemptions to this rule as notified by the federal government.
It is necessary to hyperlink your PAN (Permanent Account Number) with Aadhaar, which is a novel identification quantity issued by the Unique Identification Authority of India (UIDAI). However, there are some exemptions to this rule as notified by the federal government.
The deadline to hyperlink PAN with Aadhaar has been prolonged a number of occasions, nevertheless, the present deadline is March 31, 2023 and this time if you don’t hyperlink your PAN with Aadhaar, your PAN will grow to be invalid from April 01, 2023.
“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 before 31.3.2023. From 1.04.2023, the unlinked PAN shall become inoperative,” Income Tax division had mentioned in a current tweet.
Who Does Not Require PAN-Aadhaar Link?
The ‘exempt category’, in keeping with a notification issued by the Union Finance Ministry in May 2017, are these people;
1. Residing within the States of Assam, Meghalaya and UT of Jammu and Kashmir
2. A non-resident as per the Income-tax Act, 1961;
3. Of the age of eighty years or extra at any time through the earlier 12 months;
4. Not a citizen of India.
Is PAN Card And Aadhaar Link Mandatory For All?
Aadhaar-PAN linkage requirement doesn’t apply to any particular person who’s residing within the above talked about areas.
However, the exemptions supplied are topic to modifications relying on newest authorities notifications.
For customers falling in any of the above classes, voluntarily want to hyperlink the Aadhaar with PAN, price fee of specified quantity is required to be performed.
How To Link Aadhaar and PAN?
Both registered and unregistered customers can hyperlink their Aadhaar and PAN on the e-Filing portal of Income Tax Department, in each pre log in and publish login mode.
Online linking: You can hyperlink your PAN with Aadhaar on-line by visiting the Income Tax e-filing web site (www.incometaxindiaefiling.gov.in).
SMS linking: You may hyperlink your PAN with Aadhaar by sending an SMS to 567678 or 56161 within the following format: UIDPAN < SPACE > < 12-digit Aadhaar quantity > < SPACE > < 10-digit PAN quantity > .
Offline linking: You may hyperlink your PAN with Aadhaar offline by visiting the closest PAN Service Centre or Aadhaar Seva Kendra.
What Will Happen If You Don’t Link Aadhaar and PAN?
If PAN turns into inoperative, you will be unable to furnish, intimate or quote your PAN and could be liable to all the implications for such failure. Read extra.
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