AADHAAR PAN LINKING ||AADHAAR NUMBER PAN NUMBER LINKING || INOPERATIVE PAN || PAN AADHAAR LINKING|| 5 BENEFITS OF AADHAAR NUMBER|| 5 BENEFITS OF PAN NUMBER

Aadhaar Card and PAN Card linking last date is 30th June 2020.After that PAN Number will invalid/Inoperative.

Invalid PAN Number may attract penalty Rs 10000/- as per Section 272B and Section 139A of Income Tax Act.

(PAN Number AADHAAR Number Linking) 

RULE FOR AADHAAR PAN LINKING:

The Aadhaar PAN linking deadline is 30th June 2020 but till date few of us are still not completed the process. The date is approaching but still some of us are not serious about it. But if we will read the notification of Income Tax Authority,  Aadhaar PAN linking is mandatory and failing on which may have to face may trouble in all future transactions.

Government of India has already extended 8 times the data for AADHAAR number PAN number linking. The last time was extended for Critical Situation due to Novel Corona Virus or COVID-19

 

The process of Aadhaar PAN linking is very simple and can be done both online and offline mode. The linking of Aadhaar Number with PAN number is most convenient one.

(AADHAAR PAN linking )

ONLINE PROCESS FOR AADHAAR PAN LINKING:

This process can be completed through the website of Income Tax department in few seconds. After filling the PAN Number and AADHAAR Number in respective column OTP will be generated and send to Mobile Number linked to AADHAR Number. This OTP need to be verified at the Income Tax website. If all the relevant data like Name, Date of Birth, Gender etc are matched then both will linked instantly.

AADHAAR PAN LINKING THROUGH SMS: 

PAN Number and AADHAAR Number linking can be completed from the register mobile number by simple SMS. You can send SMS to 567678 or 56161 with some particular syntax for Aadhaar PAN linking. Simply type UIDPAN <12 Digit AADHAR NO> <PAN NO> send the same to 567678 or 56161.

OFFINE METHOD FOR AADHAAR NUMBER PAN NUMBER LINKING:

This process can be completed at PAN Service centre of National Securities Depositary Limited (NSDL) and UTI Infrastructure Technology and Services Limited (UTIITSL).

CONSEQUENCES OF NOT LINKING AADHAAR NUMBER PAN NUMBER:

AADHAAR PAN Linking is compulsory as per instruction from Income Tax Department of Government of India, failing on this you may have to face the following problems.

(1) You PAN Number will treated as Inoperative wef 01.07.2020

(2) Penalty of 10000.00 as per Income Tax Act for using Invalid PAN as this will treated as failed to furnish valid document to Income Tax Department.

(3)If you have not filed Income Tax returns you will face diffculty to file tax return.

(4)You will not able to do any transaction where citing PAN Number is mandatory, like cash deposit more that Rs50000.00 and etc.

Now a days after reform action taken by Income Tax department process for  applying for new PAN Number and obtaining the number is very easy and free service for persons having AADHAR Number.You can eassyly complete the process through video tutorial for Instant PAN Number.

EXEMPTION IN LINKING AADHAAR NUMBER PAN NUMBER:

NRI are exempted from linking Aadhaar Number PAN number, But for certain financial transaction NRI may require an Aadhar and they can apply as per rules. 

Finally we conclude that Aadhaar PAN linking is need of the hour and we should link Aadhaar Card and PAN Card without further delay or waiting for more extension from Income Tax Department. 

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Benifits of filling ITR for individuals not liable to pay taxes or income within tax payable limits.