There are two days to link the PAN card to Aadhaar. If you do not link the PAN to Aadhaar within these two days, the PAN card will be useless and you will not be able to make a financial transaction. Starting April 1, you will have to pay a fine of Rs. This is due to Section 234H which was added to the Income Tax Act 1961 under the Finance Bill 2021, passed in the Lok Sabha on March 23. If your Aadhaar is not linked with PAN till the last date given by the government, you will have to pay a fine of Rs 1,000. Here you are saying how to link Aadhaar with PAN
The pan will be deactivated
If a person does not link his PAN to Aadhaar within the last date, his PAN becomes inactive. This means that PAN cannot be used in financial transactions after the due date. That is, where the pan is needed, it cannot be used. It is open to all types of banking transactions, mutual funds, demat accounts, new bank accounts. You will not be able to do all these things without a pan
No longer expected to extend the date
Tax experts say that since the budget proposals are to come into effect from April 1, 2021, there is no expectation of extending the PAN linking date with Aadhaar. In such a situation, the time limit is not likely to increase. If you do not link the PAN to Aadhaar by 31 March 2021, you are responsible for paying the penalty. You get a maximum of Rs 1,000.
Why Pan Card Aadhaar Card Link
– If you have linked your PAN card to Aadhaar, you can check your status by clicking this link. This is what you have to do https://www.incometaxindiaefiling.gov.in/home And so on.
– Click on the ‘Link Aadhaar’ option on the left. Click ‘Click Here’ to see your status.
– Click the ‘Click Here’ hyperlink to see your states. Here you have to fill in your Aadhaar and PAN Card details.
– If your PAN card is linked to Aadhaar card, you will see this confirmation mation “Your PAN is linked to Aadhaar number”.
– If you have not linked Aadhaar card and PAN card yet, you will get this link https://www.incometaxindiaefiling.gov.in/homeAfter this, click on “Link Aadhaar”.
After this, you have to fill in your details. And your PAN card will be linked to Aadhaar card.
SMS to Aadhaar Card link
To use SMS service, Aadhaar can be linked to PAN Card by sending a message to 567678 or 56161.
Pan-Aadhaar link: Pan-Aadhaar linked? Check the status here, if not done within 7 days, then pay the fines