The deadline to link PAN and Aadhaar has been stretched out to June 30, 2023. On the off chance that the two documents are not linked by this date, the PAN card will become invalid on July 1. However, those who fail to link their PAN and Aadhaar by the initial deadline of March 31, 2022, are now required to pay a penalty of Rs. 1,000.
The new update requires that the payment type be “Other Receipts (500)” and that the Assessment Year be set to “AY 24–25.” Before Walk 31, 2023, AY 23-24 was chosen for installments.
How to Check the Status of Aadhaar-PAN Linking
a) To file your income tax electronically, go to incometax.gov.in.
b) Search for the ‘Link Aadhaar Status’ choice.
c) Select “View Link Aadhaar Status” after entering your PAN and Aadhaar number.
d) If your PAN is linked to your Aadhaar, a message will appear on your screen.
Your PAN 10 digits PAN> will be connected to Aadhaar number 12 digits Aadhaar card number>.
You can link your PAN to your Aadhaar by following the steps below:
- Visit incometax.gov.in to file your income tax electronically.
- On the homepage, select the “Link Aadhaar” option located under the “Quick Links” section.
- You will be required to enter your PAN, Aadhaar number, and name as shown on your Aadhaar card on a new page.
- Click the “Link Aadhaar” button after entering the page’s Captcha code.
Why it is important to link PAN-Aadhaar card
PAN-Aadhaar card linking is critical for multiple PAN cards:
Since there will no longer be the possibility of possessing multiple PAN cards, fraudulent activities will decrease as a result of linking PAN and Aadhaar.
To stop tax evasion
The Income Tax Agency will be able to identify any kind of tax evasion once PAN and Aadhaar are linked.
Returns on Income Taxes
As a result of the removal of the requirement for proof when filing income tax returns, the process will become simpler. The linkage will speed up the process of filing a return because Aadhaar contains all of a person’s information, including biometric verification.
