PAN-Aadhaar Linking : The deadline to link two government documents, Permanent Account Number (PAN) and Aadhaar is March 31, 2023. It is important to note that if you link them now, you will have to pay a late fee of Rs 1,000 as the last date for linking without penalty was June 30, 2022.
In case you fail to link your Aadhaar with your PAN by March 31, 2023, then the 10-digit unique alphanumeric number will become inoperative.
What Is PAN-Aadhaar Linking?
The PAN-Aadhaar link is basically the process of linking your Permanent Account Number (PAN) with your Aadhaar number as the government has made it mandatory for individuals to link the two documents.
“It is mandatory. Don’t delay, link it today! As per the I-T Act, it is mandatory for all PAN-holders who do not fall under the exempt category, to link their permanent account numbers (PAN) with Aadhaar before March 31, 2023. From April 1, 2023, the unlinked PAN shall become inoperative,” a public advisory issued by the I-T Department stated.
PAN-Aadhaar Linking : Check 6 implications if you fail to link the PAN-Aadhaar
If your PAN becomes inoperative, you will not be able to furnish, intimate, or quote your PAN and would be liable to all the consequences for such failure, according to the advisory issued by the Income Tax Department.
Here are six implications for taxpayers
- Your PAN will become inoperative.
- Filing ITR will not be possible.
- Pending returns will not be processed
- Pending refunds cannot be issued.
- Pending proceedings, as in the case of defective returns cannot be completed.
- Tax will be deducted at a higher rate.
How to Link PAN-Aadhaar Online : Linking PAN with Aadhaar Online
Firstly, visit incometaxindiaefiling.gov.in
Then click on the ‘Link Aadhaar’ option under the ‘Quick Links’ section of the webpage.
You will be redirected to a new page where the PAN number, Aadhaar, number, and other required details like your name need to be entered.
How to Link PAN-Aadhaar through SMS : Linking PAN with Aadhaar through SMS
You need to dial 567678 or 56161 on a mobile device to send an SMS. The format should be UIDPAN (10-digit PAN card number), 12-digit Aadhaar card number, and space.
You will get an SMS informing you about the PAN-Aadhaar link status. The Aadhaar and PAN will only be linked if the taxpayer’s date of birth matches both documents.
Also, note that if your name, date of birth, or gender as per Aadhaar do not match with the PAN details, then the linking process may fail. In such cases, you will need to first update your Aadhaar details before attempting to link your it with PAN.