You Can’t Use Your PAN Card After March 31 If You Don’t Do This Critical Task
Permanent Account Number (PAN) card will have to be linked with one’s Aadhaar card by 31 March as the current deadline issued by the Income Tax department goes.
The fresh deadline comes after several others already issued in the past. The previous date given was June 30, 2020 by the Central Board of Direct Taxes (CBDT).
Applying For New PAN Card
For existing pan card holders, if this action is not completed by that time the PAN card will be considered “inoperative” which could invite a penalty of Rs 10,000 for the PAN not being furnished as per Section 272B of the Income Tax Act.
For those applying for a new PAN card, one has to furnish Aadhaar card mandatorily.
The linking of the 2 documents is done by default in the application stage of the process.
Current Services Which Require PAN Card
PAN card is currently mandatory if one wants to do cash transactions of over Rs 50,000, opening a bank account or buying mutual funds/ shares.
One will no longer be able to file income tax returns if the PAN card is made redundant.
Procedure to Link PAN With Aadhaar
Log in to this direct link for the service on the income tax website:
Enter PAN card number and Aadhaar number along with name as printed in Aadhaar card.
Fill in CAPTCHA then click on the “Link Aadhaar” button.
This completes the process.
One can visit a PAN service centre where they will have to fill out ‘Annexure-I’ form and submit a copy of the PAN card and the Aadhaar card.
This method requires a payment of a certain amount.
How To Check Status Online
Browse this direct link.
Enter PAN and Aadhaar credentials and click the button.
The status will be revealed.
How To Check Status or Begin Linking Procedure Via SMS
Send an SMS in the following format to 56768 or on 56161.
The format: UIDPAN <12-digit AADHAAR> <10-digit PAN>.