Pan Cards to Be Linked to Aadhaar Cards: Mandatory for All

Aadhar PAN Link

April 1st will mark the end of your, Permanent Account Number (PAN) card’s validity, lest you link it up to your AADHAAR card, a condition made mandatory to be fulfilled prior to or by, 31st march to prevent your PAN card from being declared “inoperative” or no longer in use. An invalid or inoperative PAN restricts you from filing an ITR, as it means, that the PAN has not been furnished as per law, the defaulters will be fined a handsome sum of 10,000 in accordance with Section 272B of the Income Tax…

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Get your free PAN card in just 10 mins!

Online Correction of PAN

A 2019 press release claimed that only 42 crores Indians have PAN cards, and 125 crores have Aadhar cards, but only 2 crores Indians pay taxes. PAN card helps the Income Tax Department to account for the tax-paying population. To encourage more and more people to pay taxes, the Income Tax Department has simplified the process of generating the PAN card. The new instant method replaces the old cumbersome and time taking process of filling long forms by generating PAN cards online. Now all you have to do is to…

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Aadhar-PAN linking is a must now!

Linking Aadhar and PAN

The Central Board of Direct Taxes (CBDT) has issued a notification, vide which it has mandated linking of PAN with Aadhar card. The last date for the said linking is 31st March 2020. The department has been insisting on PAN-Aadhar linking for quite long and has extended deadlines several times, but this time the department seems to be resolute. There are 48.33 crores registered PAN users, out of which 30.75 crores users have already linked their PAN with Aadhar card. The Income Tax department now aims to complete the PAN-Aadhar…

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