Link Aadhaar To Pan Card
All citizens with a pan card should have linked it with their Aadhaar card by 30th June 2023. The government has made it mandatory for all taxpayers having a pan card to link it with their Aadhaar card within the deadline. If the pan-aadhaar linking is not done within 30th June 2023, the pan card will become inoperative from 1st July 2023. However, if they are not linked and your pan card is inoperative, you can still link it with your Aadhaar after paying the penalty of Rs.1,000 and activate your pan card.
Why Link Aadhar With Pan
It has become a mandatory process aadhaar card link with pan. This is an important process because this will allow your income tax returns to be processed. For new applicants of pan card, the aadhaar pan card link is done automatically.
Mandatory for Active pan:The government has made it mandatory to link pan with Aadhaar to ensure that pan cards remain active.
Facilitates tax filing:Linking pan with Aadhaar simplifies the process of filing income tax returns (ITR) and ensures accurate verification of tax information.
Prevents Tax Evasion:The linkage helps in monitoring and reporting financial transactions, which aids in preventing tax evasion and ensuring accurate tax collection.
Reduces Identity Fraud:By linking Aadhaar and PAN, the government can more accurately verify a person's identity, reducing the risk of identity fraud and financial scams.
Streamlines Financial Transactions:Linking Aadhaar and pan simplifies online banking, investing, and other financial activities, making them more convenient and secure.
Easy Access to Government Services:The linkage facilitates easier access to government benefits and services, ensuring that welfare programs and benefits are delivered to the right people.
Ensures Audit Trail:The connectivity gives the income tax department a comprehensive activity trail.
Expands Revenue Base:Because Aadhar is more widely used than pan cards, more people who have been dodging taxes will be brought into the tax net.
Benefits
Audit trail as a means to end fraud
Linking the Aadhar Card with the pancard provides an audit trail for the government. The Aadhar card is now required for practically all transactions, and the connectivity gives the income tax department with a comprehensive activity trail.
Due to a lack of audit trail, a significant amount of black money is created in the economy. Because Aadhar is far more widely used than PAN cards, more people who have been dodging taxes will be brought into the tax net, and the revenue base will be extended. This will be crucial in preventing income leaks. It would be easier to detect fake PAN cards used in tax evasion.
Spotting multiple pan cards
An entity can utilise one of the cards for a specific set of financial activities and pay the taxes associated with those activities by applying for several PAN cards, while the other PAN card can be used to conceal accounts or transactions from the income tax department, allowing the company to avoid paying taxes on them.
Individuals will find it exceedingly difficult to hold several pan cards, which has been one of the main techniques of dodging taxes by distributing income among fraudulent PAN cards, according to the government. As a result, another big tax loophole in the system is closed.
The government will also be able to identify an entity’s identification through his or her Aadhaar card, and then have records of all financial transactions performed through the associated pan card, thanks to the pan and Aadhaar card being connected. The government would be able to identify several pan cards registered under the same name and take remedial action if this occurs.
Profit for individual taxpayer
Once pan and Aadhaar are linked, everyone has to pay taxes. The government will be able to broaden its revenue base and pass the savings on to you in the shape of reduced tax rates once tax evasion lessens.
For tax filing purposes, the PAN-Aadhar linkage would be a huge help because it would eliminate the need for more sophisticated actions like submitting receipts to the IT department or e-signature. The job will be done automatically using Aadhaar e-verification.
Easier filing of returns
Taxpayers were required to have their pan card with them all the times to submit returns, but now Aadhaar information is also required. It will allow taxpayers to file their forms online with ease. The validity of returns (ITR-V) may be checked using an OTP sent to your Aadhaar-registered mobile number.
Organised information on taxes
From a regulatory sense, you won’t be allowed to submit returns until your pan card is linked to Aadhaar starting next year. Leaving the regulatory aspect aside, your I-T login will provide you with a one-page view of all your transactions. When you link your Aadhaar card to your pan card, the latter will not be revoked. It will also make it easier to keep track of one’s taxes by attaching a summary to Aadhaar for future reference.
Aadhar Card and Pan Card Link Online
Method 1- Logging into Your Account
Here are the steps to submit link pan card and Aadhar by logging into your account:
Step 1 - If not a registered user, visit the e-filling portal of Income Tax to register yourself. Already register then login
Step 2 - Login using your User ID
Step 3 - Enter the password and confirm the secure access message
Step 4 - Click on ‘Continue’
Step 5 - Click on ‘Link Aadhaar’ or select ‘Link Aadhaar’ from ‘My Profile’ under ‘Personal Details’ option
Step 6 - Enter the required details, such as name, gender, date of birth
Step 7 - Verify the details on the screen and click on the ‘I agree to validate my Aadhaar details’ check box
Step 8 - In case only year of birth is mentioned, select ‘I have only year of birth in Aadhaar card’
Step 9 - Click on ‘Link Aadhar’
Step10 - After completion of the process, the pop-up message will be displayed informing the PAN and Aadhar are linked.
Method 2 - Without Logging into Your Account
Here are the following steps to link Aadhaar to pan without logging into the account:
1.Visit the official website of Income Tax e-filling portal
Under "Quick Link" section Click on "Link Aadhaar".
Enter the pan and Aadhar number
After Click on Validate.
If the Payment Not Verified on E-Portal
After click on validate Pop Up message displayed "Payments details not found." Payment must be made in advance to submit the pan-Aadhar link request. Once the payment has been made through the E- Portal site, the link request must be submitted within 4 to 5 working days.
2.Process to Pay the Penalty for Linking PAN Card with Aadhaar
The procedure to link the PAN Card with the Aadhaar with a penalty is mentioned below:
Step 1 - Visit the official website of the Income Tax Department
Step 2 - Under the 'Quick Links' category, select 'e-Pay Tax'
Step 3 - Enter PAN Number, TAN Number and Mobile Number and Continue
Step 4 - After OTP Verification It will redirected to e -tax page.
Step 5 - Click on the 'Continue' button
Step 6- Click on Proceed Button
Step 7 - Make payment through debit card, credit card, net banking, or any authorized bank HDFC Bank, Axis, PNB, Bank of India, SBI, etc.
Step 8 - After making the payment proceed to link your PAN card with Aadhaar card immediately
3.Linking pan card with Aadhaar by Sending an SMS
To link pan card with Aadhaar by sending an SMS. You need to follow the steps mentioned below:
Step 1- Aadhar card link with pan via SMS as per the Income Tax department.
Step 2 - Send SMS from the registered mobile number to 567678 or 56161 in the format- UIDPAN<12-digit Aadhaar><10-digit PAN>
Aadhar Pan Card Link Status
Given below are the steps to check pan card Aadhar link status:
Step 1 - Visit the Income Tax Department’s official website and go to Link Aadhaar Status.
Step 2 - Enter your Aadhaar and pan number.
Step 3 - Click on ‘View Link Aadhaar Status’.
If your Aadhaar has been successfully linked with PAN then you will be able to see the message ‘Aadhaar (Aadhaar number) is already associated with PAN in ITD database. Thank you for using our services’.
FAQs (Frequently Asked Questions)
- What should I do if my details as per my PAN Card do not match with the ones mentioned on my Aadhaar Card?
- If the details on your PAN Card such as spelling of name, date of birth or gender do not match the ones on your Aadhaar Card, you will have to submit an application with valid proof and get the details corrected. After this, you may apply to link your Aadhaar with your PAN Card.
- What are the fees for Aadhaar PAN link for senior citizens?
- A fee of Rs.1000 is charged for Aadhaar PAN link for senior citizens.
- Is it mandatory to link Aadhaar with PAN for super senior citizens?
- No, it is not mandatory to link Aadhaar with PAN for super senior citizens.
- Is it mandatory to link PAN and Aadhaar for all?
- Yes, it is mandatory for all to link PAN and Aadhar under Income Tax Act, 1961, except for those who fall under the exempted category.
- Is senior citizens' Aadhaar PAN linking required?
- Everyone must link their PAN (Permanent Account Number) to their Aadhaar, as mandated by the Indian government; however, there are some exclusions for NRIs, non-citizens, those over 80, and residents of specific districts.
- Do NRIs residing in India have to link their PAN as well?
- The requirement to quote Aadhaar for filing income tax returns and for making an application for allotment of PAN with effect from 1 July 2017 does not apply to Non -Resident Indians [NRIs].
- Do I have to submit any documentary proof to link my PAN and Aadhaar Card?
- No, you are not required to submit any documents when linking your Aadhaar to your PAN Card. You have to check if the PAN information mentioned on the website matches your Aadhaar card and then apply for them to be linked.