Will the Government Extend the Deadline for PAN Aadhaar Linking?

The deadline for PAN Aadhaar linking has been a talking point for many Indians. As the current deadline of March 31, 2023 approaches, many wonders if that date will be extended. At the time of writing, the last date to PAN Aadhaar Link has not been extended from the current deadline of March 31, 2023. It is important to note that failure to link PAN and Aadhaar before the deadline may result in fines and penalties. , including the possibility that your PAN card is not valid. There we will explore the latest updates on PAN and Aadhaar due dates and provide instructions to complete the process. As personal finance experts, we understand the importance of staying up-to-date with the latest regulations and requirements and help ensure you are compliant with the latest PAN and Aadhaar linking rules.

What is PAN Adhaar Link?

PAN Aadhaar Link is linking a person's PAN (Permanent Account Number) and Aadhaar number. The Government of India has made it mandatory for all PAN holders to link PAN with Adhaar by March 31, 2022. If a person fails to do so, he can face a fine of Rs. 500 by June 30, 2022, and a fine of Rs. 1,000 after the date they finally do link their PAN and Aadhaar within March 31, 2023. https://www.youtube.com/watch?v=O0A6ZYOlsJc

How can I link my Aadhar card with PAN card by mobile?

- Go to the official website of the Income Tax Department - https://www.incometax.gov.in/iec/foportal/ - Click on the "Link Aadhaar" option under the "Quick Links" section on the right-hand side of the homepage. - Enter your PAN card number and your Aadhaar number. - Click on the "Validate" button. - If you already did the linking then you will show the Already linked Popup Massage - If you do not link yet then you have to pay 1000 a late fee on the "Minor head 500 - Other Receipts(500)" category - You will also receive an OTP on your registered mobile number and email ID. - Enter the OTP and click on the "Submit" button. - A message will appear confirming the payment - After Payment Confirmation, enter your Aadhaar and PAN number and Submit - Aadhaar and PAN will be linked shortly.

How to Link PAN with Aadhar 2023

Aadhar Card PAN Card Link App

There are several apps available on Playstore to link your Aadhar Card with your PAN Card. However, it is recommended to use the official apps provided by NSDL, UTIITSL, and Aaykar Setu for this purpose. NSDL (National Securities Depository Limited) and UTIITSL (UTI Infrastructure Technology and Services Limited) are two official agencies authorized by the government to provide PAN Card services. They have developed their own apps to facilitate the process of linking Aadhar Card with PAN cards. The NSDL e-Gov app and UTIITSL app can be downloaded from Playstore. These apps allow users to link their Aadhar Card with PAN Card by simply entering the required details. Aaykar Setu is another official app developed by the Income Tax Department of India. This app offers various services related to taxation, including the facility to link Aadhar Card with PAN Card. Using these official apps ensures the authenticity and security of the process. It is always recommended to use these official apps rather than relying on third-party apps.

Important in PAN Aadhaar Link Process

Here are some important points to keep in mind when linking your PAN and Aadhaar: - Ensure that you make the fee payment under the "Minor head 500 - Other Receipts(500)" category. - Enter the payment amount as Rs. 1000 in the "Others" field. - Select the Assessment Year 2023 - 2024. - The payment is non-refundable, so be careful while making the payment. - It may take up to 4-5 working days for the payment confirmation to reflect on the Income Tax portal.

What Happen if Your PAN and Aadhaar Data are Mishmatch?

It's crucial to ensure that your PAN and Aadhaar details match before linking them. If there is a mismatch in your data, you must correct it before attempting to PAN Aadhaar Link. Failure to correct the data beforehand can lead to unnecessary delays in the linking process. Additionally, if the deadline for linking your PAN with Aadhaar is not extended and your PAN is not linked, it will become inoperative. Therefore, it's important to ensure that your PAN and Aadhaar details match and are up-to-date to avoid any complications or issues with the linking process.

What happens if you are Unable to do PAN Adhaar Linking?

Here are the possible consequences if you are unable to link your PAN with Aadhaar: - Your PAN card will be considered invalid - You will not be able to open a bank account using your PAN - Cash deposits above Rs. 50,000 will not be applicable - The TDS (Tax Deducted at Source) rate will increase to a higher rate - Processing of your Income Tax Return will not be operative - TDS refund will be stopped - Government benefits and subsidies will be stopped - Processing of your VISA or Passport will not be processed - Your loan processing will be stuck

Will Link PAN with Adhaar Date be extended?

As of now, the last date to link your PAN with Aadhaar is March 31, 2023. However, it is important to note that the government may extend this deadline in the future. If the deadline is extended, individuals who fail to link their PAN with Aadhaar before the original deadline of March 31, 2023, may still be able to do so without paying the late fee. It's worth mentioning that the government has previously extended the deadline for PAN-Aadhaar linking in the past. Ultimately, the decision to extend the deadline depends solely on the government. It's important to keep checking for any updates or announcements from the government regarding the deadline extension.

Conclusion

It is important to spread awareness about the requirement of PAN Aadhaar Link to all eligible citizens. It is a crucial step towards fulfilling the government's objective of creating a more efficient and transparent system of taxation. Non-compliance can lead to various consequences, including the invalidation of PAN cards, difficulties in banking, increased TDS rates, and a stoppage of government benefits and subsidies. Therefore, citizens must take prompt action and PAN Aadhaar Link before the deadline of 31st March 2023. It is essential to understand the importance of this process and avoid any potential difficulties in the future.

FAQs

A Guide on how to Link Pan with Aadhaar?

A PAN card is a Very Important Document today. If you have a Bank Account then you should be A PAN Card for Financial transactions. With your Bank account PAN card should be linked. As per RBI guidelines, you must Link Pan with your Aadhaar. Every PAN card holder who has been allotted a PAN as on 1st July 2017, must be required to Aadhaar link with a PAN card. If you don't know How to Link Pan with Aadhaar then you should get this article helpful.

What is PAN Card?

The full From of the PAN card is a Permanent Account Number. It is issued by the Income-tax Department. The card is issued for links to all financial transactions made by a particular individual or entity.

Use of PAN Card

There are multiple uses for various financial and Tax related purposes. To avail of the services, you should have an Active PAN card. But it is important to activate a PAN card it should be linked with Aadhaar Card. - Helps to Start a Business - As per norms by the Government of India, the PAN is mandatory for every business in the country. - Deduction in Tax - PAN card is for the purpose of taxation. If an individual with annual interest earnings exceeding ₹10,000 in the bank account, the concerned bank will deduct TDS. Their PAN card is mandated for tax Deduction. - Opening a Bank Account - According to the current norms, for any individual to open a bank account a PAN card is recommendable. - Income Tax Returns Filing - A PAN card is necessary for income tax returns. - Investment and Insurance - For any Investment or Insurance maturity a PAN is mandatory to process the payment. - Cash Deposit or Withdrawal - The PAN card needs to be shown if a cash deposit or withdrawal of more than a limit of ₹50,000.

Is Link Pan with Aadhaar Mandatory?

As per CBDT circular F. No. 370142/14/22-TPL dated 30th March 2022, every person who has been allotted a PAN as of 1st July 2017 they required to link PAN with AADHAAR on or before 31st March 2022. If you are a Taxpayer and failed to do so then you are to pay a fee of Rs. 500 till 30th June 2022. Even if you didn't do so by 30th June 2022, thereafter a fee of Rs. 1000 will be applicable for PAN-AADHAAR linking.

Alert! You have 2 PAN Cards with Different Numbers

How to Check Pan Aadhaar Link Status?

- You should Visit the Income Tax Official Website - Click on Link Aadhaar Status - Enter your PAN Number and Aadhaar Number - Click on View Link Aadhaar Status - If you have already linked your PAN and Aadhaar you got the Massage(Your PAN AAXXXXXXAA is already linked to the given Aadhaar 00XXXXXXXX00) - If your PAN and Aadhaar are not linked then you got the Massage(Your PAN AAXXXXXXAA is not linked to the given Aadhaar 00XXXXXXXX00)

How to Link Pan with Aadhaar?

- You should Visit the Income Tax Official Website - Click on Link Aadhaar - Enter your PAN Number and Aadhaar Number - Click on Validate - Re-Enter Your PAN Details - As you have Existed the Last date you have to pay a fee of Rs. 1000 - Select your Payment method and pay the applicable fees - With a Success Massage done the process

Which Categories of PAN are exempted from Aadhaar-PAN linking?

- NRIs - Not a citizen of India - Age > 80 years as of the date - Any residence of ASSAM, MEGHALAYA, or JAMMU & KASHMIR State

How do Link Pan with Aadhaar without paying Extra Fees?

If you have a condition that you have not linked your Aadhaar and PAN or you don't know How to Link Pan with Aadhaar within the last date. There has a process, where you can link your Aadhaar and PAN without any extra fees. For that, you have to choose "Request for Correction in PAN Data". With the further process, you only submit your Aadhaar as Identity, Age Proof, and Address proof. During the Application process, your PAN and Aadhaar will be Linked without paying extra fees. But you have to pay the PAN data Correction fees definitely.

PAN Aadhaar Link Fail due to Data Mismatch?

If your PAN card details and Aadhaar Card details have mismatch, then you should not do the Aadhaar PAN link. There you have to correct the your Data on Aadhaar or PAN which is correct before doing the Aadhaar and PAN linking. For Aadhaar data correction you have to go to your nearby Aadhaar Enrollment Centre. If you have to correct data in your PAN then you can apply it online or Near ant CSC Centre for PAN Card Correction.

How to Correct PAN Card Online?

- For NSDL users go to onlineservices.nsdl.com or for UTIITSL users go to pan.utiitsl.com - Select Apply for Change/Correction in PAN Card details - Fill in the necessary details with your Existing PAN Card Number - Replace the wrong detail with the Correct Detail - Upload the Supported Documents - Pay the Application Fees - Final Submit for Process of PAN Card Correction.

Quick Links

Check Pan Aadhaar Link StatusCheck Now!Link PAN with AadhaarLink Now!How to Link Pan with AadhaarView Now!

FAQs