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ARN. No. KLI/23-24/E-BB/1201
Features
Ref. No. KLI/22-23/E-BB/999
Discover the simplified process of how to link Aadhar and Pan. Ensure seamless integration in few steps. Also, look into the Aadhar, E-filing, and SMS processes Linking PAN with Aadhaar is a mandatory process for Indian taxpayers to streamline the taxing process and avoid deducting the TDS at double the applicable rate.
PAN is another identity proof that provides a unique identification number to the tax-paying entity of India. It is a primary key for storing tax-related information provided by the Income Tax Department. Everyone must link Aadhaar with PAN; let us find out how.
Any individual, irrespective of age and gender, residing in India can voluntarily register to obtain an Aadhaar number. The enrolment process is free of cost. The Aadhaar number is a 12-digit unique number issued by the Unique Identification Authority of India (UIDAI) to Indian citizens.
The last date for PAN-Aadhaar linking was 31st May 2024. The government has made it mandatory for all taxpayers to have a PAN card to link it to their Aadhaar card within the deadline. However, a late penalty of ₹1,000 should be paid if applied after the last date.
If you are trying to link your Aadhaar to your PAN, the following step-by-step guide will make your journey easier without confusion.
You can link the Aadhaar to your PAN card online by logging on to the Income Tax e-filing portal. You can also do it by using SMS services. Read ahead to understand the steps involved in both processes.
Log in to your account
Aadhar link request through SMS
The government has provided another option to link the documents via SMS. You can do it by sending an SMS to either 567678 or 56161.
Before further steps, double-check your entered details while attempting to link PAN with Aadhaar online. Ensure that the PAN and Aadhaar numbers you provided are accurate and match the information displayed on your PAN card and Aadhaar card, respectively. Even a minor error in the details entered can cause the online linkage process to fail.
Ensure you follow the prescribed formats and guidelines for entering PAN and Aadhaar numbers during the online linkage. PAN numbers should be entered in the format XXXXXXXXX (where X represents alphanumeric characters), while Aadhaar numbers should be entered without spaces or dashes.
Internet connectivity or browser compatibility issues can sometimes disrupt the online linkage process. Ensure you have a stable internet connection, and try using a different web browser or device if you encounter problems. Clearing your browser cache and cookies may also help resolve browser-related issues.
During the online linkage process, you may be required to verify your identity through a one-time password (OTP) sent to your registered mobile number linked with Aadhaar. Ensure that you enter the OTP correctly and complete the authentication process within the specified time frame. Failure to authenticate within the allotted time may result in aborting the process.
The Government of India has made it mandatory for individuals to link their Permanent Account Number (PAN) card with their Aadhaar card, emphasizing the importance of this linkage for various financial and administrative purposes. Here, we delve into the significance of linking the PAN card with Aadhaar and why it is essential for individuals nationwide.
Linking PAN card with Aadhaar helps streamline financial transactions and enhances transparency in the financial system. It allows regulatory authorities to track and monitor financial activities more efficiently, reducing the risk of tax evasion, money laundering, and other illicit activities.
One of the primary reasons for linking PAN card with an Aadhaar is to prevent tax evasion and ensure compliance with tax laws. By linking the two identification documents, the government can identify individuals underreporting income or engaging in tax avoidance schemes, thereby promoting tax fairness and equity.
Linking PAN card with Aadhaar simplifies the income tax filing process for individuals. It enables seamless tax return verification and facilitates faster tax refund processing. Additionally, it reduces the need for manual intervention and documentation, making the tax filing process more efficient and hassle-free.
Linking PAN card with Aadhaar helps eliminate the issuance of duplicate PAN cards to individuals. It enables authorities to identify and deactivate multiple PAN cards held by the same person, reducing the risk of identity theft, fraud, and misuse of financial information.
A PAN card with Aadhaar linking is essential for accessing various government services, subsidies, and benefits. It serves as a unique identifier for individuals, enabling them to avail of welfare schemes, healthcare services, and financial assistance provided by the government.
Despite the deadline extensions and repeated notifications, many individuals have not yet linked their PAN cards with Aadhaar. Let us explore the consequences of not linking PAN with Aadhar card:
PAN cards not linked with Aadhaar within the specified deadline risk being invalidated or deactivated by the government. Invalidated PAN cards may become unusable for financial transactions, tax filing, and other official purposes, leading to individual inconvenience and compliance issues.
Failure to link PAN cards with Aadhaar may result in the inability to file income tax returns electronically. The Income Tax Department has made Aadhaar-PAN linkage mandatory for e-filing of tax returns, and individuals with unlinked PAN cards may face difficulties in fulfilling their tax obligations and may be subject to penalties.
Individuals with unlinked PAN cards may be unable to access government benefits, subsidies, and welfare schemes that require Aadhaar linkage. These could include subsidies on LPG cylinders, government scholarships, pensions, and other social welfare programs, leading to financial hardships for affected individuals.
Unlinked PAN cards may disrupt financial transactions, especially those involving high-value transactions, investments, property purchases, and banking activities. Financial institutions, regulatory bodies, and government agencies often require Aadhaar-linked PAN cards for verification and compliance, and non-compliance may result in transaction delays or rejections.
Individuals who fail to link their PAN cards with Aadhaar within the specified deadline may face penalties, fines, or legal consequences imposed by regulatory authorities. Non-compliance with regulatory mandates related to PAN-Aadhaar linkage could result in punitive actions, including fines levied by the Income Tax Department or other regulatory bodies.
It’s crucial to ensure that your PAN is valid and active to avoid issues during tax filing, financial transactions, or other official processes. Here’s how you can check if your PAN is valid or invalid:
The Income Tax Department of India provides an online facility for individuals to verify the validity of their PAN. Visit the official website of the Income Tax Department at www.incometaxindia.gov.in.
On the Income Tax Department’s website, look for the option related to PAN verification or PAN validation. This option is typically found under the homepage’s ‘Services’ or ‘Quick Links’ section.
Once you locate the PAN verification option, click on it to access the PAN verification tool. You will be prompted to enter your PAN details, including your PAN number and full name per the PAN card.
As an additional security measure, you may be required to fill in a captcha code displayed on the screen. Enter the characters shown in the captcha image accurately to proceed with the PAN verification process.
After entering your PAN details and captcha code, click on the ‘Submit’ or ‘Verify’ button to initiate the verification process. The website will process your request and provide the validation status of your PAN.
Once the verification is completed, the website will display your PAN status as ‘Valid’ or ‘Invalid.’ If your PAN is valid, it is active and recognized by the Income Tax Department. If your PAN is invalid, it may indicate incorrect details, duplication, or deactivation.
The main goal of linking Aadhar with PAN is to remove duplicate entries in the PAN database. This process will allow the government to obtain authentic data from authorized sources, preventing tax evasion and streamlining financial transactions.
As a responsible citizen, you must immediately link your Aadhaar with your PAN card to experience a hassle-free financial journey.
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Failed authentication messages typically occur due to discrepancies or inaccuracies in the information provided during the linkage process. This could include errors in entering the PAN or Aadhaar number, mismatched details, or issues with the authentication server. Ensure that the details entered are accurate and match the information on your PAN and Aadhaar cards.
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If there is a mismatch in the name or date of birth between your PAN and Aadhaar cards, you can follow these steps to link them:
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The Aadhaar-PAN link process is not compulsory in the following scenarios:
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Yes, you can still file your Income Tax Return (ITR) even if your PAN and Aadhaar are not linked. However, linking PAN with Aadhaar is mandatory as per regulatory requirements, and failure to do so may lead to penalties or other consequences. It is advisable to link PAN with Aadhaar at the earliest to ensure compliance with tax laws.
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The time taken to link PAN with Aadhaar varies depending on various factors, including the mode of linkage and processing time by the authorities. In most cases, the linkage process is completed within a few days of submitting the request online. You can check the status of PAN-Aadhaar linkage online through the official websites of the Income Tax Department or UIDAI.
Amit Raje is an experienced marketer who has worked in various Fintechs and leading Financial companies in India. With focused experience in Digital, Amit has pioneered multiple digital commerce in India. Now, close to two decades later, he is the vice president and head of the D2C business department. He masters the skill of strategic management, also being certified in it from IIMA. He has challenged his challenges and contributed his efforts in this journey of digital transformation.
Prasad Pimple has a decade-long experience in the Life insurance sector and as EVP, Kotak Life heads Digital Business. He is responsible for developing user friendly product journeys, creating consumer awareness and helping consumers in identifying need for life insurance solutions. He has 20+ years of experience in creating and building business verticals across Insurance, Telecom and Banking sectors
Pay 10,000/month for 10 years, Get 1,65,805/Year* for next 15 years.
ARN. No. KLI/23-24/E-BB/1201
Features
Ref. No. KLI/22-23/E-BB/999
The information herein is meant only for general reading purposes and the views being expressed only constitute opinions and therefore cannot be considered as guidelines, recommendations or as a professional guide for the readers. The content has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. Recipients of this information are advised to rely on their own analysis, interpretations & investigations. Readers are also advised to seek independent professional advice in order to arrive at an informed investment decision. Further customer is the advised to go through the sales brochure before conducting any sale. Above illustrations are only for understanding, it is not directly or indirectly related to the performance of any product or plans of Kotak Life.
