PAN CARD Link Aadhar Card is Announced to be a compulsory process.
Those Who have still NOT linked their Permanent Account Number ( PAN Card ) with their Aadhaar. People are advised to link their PAN Card with Aadhaar by March 31st, 2020, which is the last date. If not linking PAN Card and Aadhaar might land you in trouble. Here are 3 reasons why you must link Your PAN with Aadhaar card.
Pan Aadhar link Online and Pan Aadhar link Status
Follow the below steps to link PAN and Aadhar after registering in e-filing portal.
- Login to your e-filing account using the login ID and password.
- Choose the Menu “Profile settings”
- Select “Link Aadhar”.
- Provide the Aadhar number & Submit.
- If the details in the PAN CARD and Aadhar Card match, PAN Aadhar Link becomes successful..
Link PAN with Aadhaar. Save yourself from these 3 dangers
- If you do not link your PAN with Aadhaar by March 31st ,2020 then your PAN will become inoperative. With an inoperative PAN Card, you will not be able to make Any financial transactions wherever quoting it is mandatory. For example, you may not be able to open a bank account, sell OR buy a property & make investments.
- If your PAN becomes inoperative as a result of not linking it with Aadhaar by March 31 and you’re required to f urnish, intimate or quote PAN, then it shall be deemed that you have not furnished/intimated/quoted PAN card.
- This will also hold you liable for all consequences under the Income Tax Act. You may have to pay the penalty of Rupees 10,000/- as per section 272B of the Income Tax Act.
Your PAN will Become inoper ative from April 1st, 2020, till the time it is linked subsequently. Once your PAN Card has been linked with Aadhaar Card, then your PAN will become operative again from the date on which PAN has been linked with Aadhaar. It is only advisable to link your PAN Card & Aadhaar before the March 31st, 2020. deadline to Avoid Cancellation of PAN CARD Which Might Result in delays in further Operations.
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