It has been a considerable time since the first circular was released, making it compulsory for all individuals to link their Aadhar card and Pan card link. This measure was put in place to ensure that every taxpayer has a unique identification number associated with their PAN, which will aid in reducing tax evasion.
aadhar card and pan card link
Last date to link your PAN & Aadhaar is approaching soon!— Income Tax India (@IncomeTaxIndia) March 18, 2023
As per IT Act,1961, it is mandatory for all PAN holders, who do not fall under the exempt category, to link their PAN with Aadhaar before 31.3.23. From 1.4.23, the unlinked PAN shall become inoperative.
Please link today! pic.twitter.com/aB1W4nA7G9
According to a circular issued by the Central Board of Direct Taxes (CBDT), all taxpayers must link their PAN with their Aadhaar by March 31, 2023, or face consequences under the I-T Act and experience various implications.
As the deadline to link the two cards rapidly approaches, it’s essential to know the consequences of failing to do so. If you do not link your Aadhaar and PAN before the March 31 deadline, your PAN will become inoperative, as per the Income Tax Department. The CBDT circular stated that “Rule 114AAA of the Income-tax Rules provides that if PAN of a person has become inoperative, he will not be able to furnish, intimate, or quote his PAN and shall be liable to all the consequences under the Act for such failure.”
If you link your PAN with your Aadhaar now, you will be subject to a late fee of ₹1,000 as the last date for linking without a penalty was June 30, 2022, which has already passed.
Filing an Income Tax Return (ITR) could also pose a challenge if your PAN and Aadhaar numbers are not linked. In such cases, the Income Tax Department may reject your ITR, which could hinder your ability to receive a tax refund.
As per BQ Prime, failing to link your PAN and Aadhaar could also lead to difficulties in accessing certain government services, including obtaining subsidies, applying for a passport, and opening a bank account. If the two documents are not linked, it could impede your ability to utilize these services.
How to check Aadhar-PAN Card link status online?
Checking the status of your Aadhaar-PAN Card link online is a quick and easy process. Follow the steps below to check the status:
- Visit the official e-filing website of the Income Tax Department (https://www.incometax.gov.in/).
- Click on the “Link Aadhaar” option under the “Quick Links” section on the right-hand side of the homepage.
- Enter your PAN and Aadhaar numbers in the respective fields.
- Next, enter your name as it appears on your Aadhaar card.
- If your Aadhaar is linked to your PAN, you will see a message confirming the same.
- If your Aadhaar is not linked to your PAN, you will be prompted to complete the linking process by providing your Aadhaar details.
It’s essential to note that the above process is only for checking the status of Aadhaar-PAN linking and not for linking the two documents. You can also check the status of your Aadhaar-PAN linking through the UIDAI website or the NSDL e-governance website.