The citizens of India are required to link their Permanent Account Number (PAN) to their Aadhaar cards by March 31, 2023. To complete income-tax-related tasks such as filing income returns, this linking is extremely important. The requirement goes up with banking transactions of Rs 50,000 and above.
The consequences of not linking a PAN with an Aadhaar card will result in losing the ten-digit unique alphanumeric number. If the deadline is missed, all the financial transactions linked to PAN will cease to function.
LAST DATE AND PENALTY
The deadline was extended from March 31, 2022, to March 31, 2023.
Individuals need to pay an amount of Rs 1000 to get started with the linking process.
STEPS TO LINK PAN WITH AADHAAR:
Step 1: Visit the Income Tax e-filing portal.
Step 2: Go to the Register option. Your PAN will have a user ID.
Step 3: Provide your user ID and password along with the date of birth.
Step 4: A popup will display with a prompt to link PAN with Aadhaar.
Step 5: Compare the PAN details on the screen to the ones on your Aadhaar card.
Step 6: If the information is correct, you need to enter your Aadhaar number and click the ‘link now’ button.
Step 7: A pop-up message will be seen informing you that your Aadhaar has been successfully linked to your PAN.
