#linkpanwithaadhaar

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.

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