For those who want to link their PAN and Aadhaar between now and March 31, a fee of Rs 1,000 will be payable.
If you have not yet linked PAN card with Aadhaar, you will have to link them before March 31, 2023.
PAN is a unique ten digit alphanumeric number issued by the Income Tax Department. PAN is issued in the form of a laminated plastic card as shown below (commonly known as PAN card).
There is also an option of e-PAN, which is a digitally signed PAN card issued in electronic format. It is an Aadhaar e-KYC based process and allotment of PAN is free of cost. A PDF file of the PAN is generated and issued to the applicant.
utility of pan
PAN enables the department to identify/link all the transactions of the PAN holder with the department. These transactions include tax payments, TDS/TCS credit, return of income, specified transactions, correspondence etc.
It facilitates easy retrieval of PAN holders information and matching of various investments, borrowings and other business activities of PAN holders.
Linking PAN with Aadhaar
The Finance Act, 2017 inserted a new section 139AA in the Income Tax Act, 1961, which requires every person eligible to obtain Aadhaar to quote his Aadhaar number while applying for PAN or furnishing return of income with effect from 1 July. is required. , 2017.
If a person does not have an Aadhaar number but has applied for an Aadhaar card, then that person can mention the enrollment ID of the Aadhaar application form in the ITR.
If you have not yet linked PAN card with Aadhaar, you will have to link them before March 31, 2023. Otherwise, you will not be able to use it from April 1, 2023. Once PAN card holders miss this deadline, the 10 digit unique alphanumeric number will become inactive.
Here is a step-by-step guide to check whether your PAN card is valid or not.
1) Log on to www[dot]Income tax[dot]Government[dot]Click on in/iec/foportal/ and click on ‘Verify your PAN’ which is in the left column under ‘Quick Links’ section.
2) As soon as you click on the ‘Verify Your PAN’ tab, you will be redirected to a page where you will be required to fill in the details like PAN number, name, date of birth and contact number.
3) Once you submit the required details, you will be redirected to another page where you will be required to enter the OTP sent to your registered mobile number. (Please ensure that your mobile number is linked with PAN).
4) Enter the OTP received and click on ‘Validate’.
5) If your PAN card details are not duplicated or issued to multiple people, the last page will show ‘PAN is active and details are as per PAN’.
6) If you have more than one PAN card registered under the same personal details, a pop-up message will appear which says, “There are multiple records for this query. Provide additional information.” In this case you will have to provide your father’s name and other identification details.
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