PAN Linking by the deadline will lead to one’s PAN card becoming inoperative provided there is no extension in the PAN Aadhaar Linking deadline set by the Income Tax Department. The department has also said that inoperative PAN card holders will have to face consequences under the Income Tax Act for not seeding PAN with the income tax department. In other words, such PAN card holders will not only be treated as non-PAN card holders but may also be fined a penalty of Rs 10,000 under Section 272B of the Income Tax Act.
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Inoperative PAN Card may lead to penalty
In the case of one’s PAN not linked with Aadhaar card. In that case, if you go to a bank and try to open an account or deposit/withdraw cash above Rs 50,000 you need to give your PAN card. If you give a wrong or inoperative PAN then you could be fined up to Rs 10,000. Under the provisions, a penalty could be imposed for every such non-compliance due to an inoperative PAN Card. Photo: PTI
2/5 Why Aadhaar PAN linking is important
Having a PAN card is mandatory for several purposes like opening a bank account, buying mutual funds or shares and even making cash transactions of over Rs 50,000. However, all such inoperative PAN cards will become operative as and when the PAN card holder carries out Aadhaar PAN linking. One can do this through a simple SMS. Photo: UIDAI
3/5 Aadhaar PAN Link at incometaxindiaefiling.gov.in
One can do the PAN Aadhaar link by logging in at the income tax department official website — incometaxindiaefiling.gov.in or at the direct link www1.incometaxindiaefiling.gov.in/e-FilingGS/Services/LinkAadhaarHome.html. Here is the step by step guide for Aadhaar PAN link at income tax website: Log in at incometaxindiaefiling.gov.in or at direct link www1.incometaxindiaefiling.gov.in/e-FilingGS/Services/LinkAadhaarHome.html; Fill PAN, Aadhaar and Name as on the Aadhaar card; Fill in CAPTCHA; and Click at ‘Link Aadhaar’ option and your PAN Aadhaar Linking will get complete. Photo: Reuters
4/5 PAN Aadhaar Link via SMS
One can do the PAN Aadhaar linking via SMS too. For Aadhaar PAN linking through an SMS, one needs to send an SMS at 567678 or 56161. Format of the SMS is ‘UIDAIPAN(12digit Aadhaar number) space (10 digit PAN Number).’ Means if someone has an Aadhaar Card number ABCDXXXXXXXXXX and PAN Card number ABCXXXXXXX then the format of the SMS will be “UIDAIPANABCDXXXXXXXXXX ABCXXXXXXX”. Photo: PTI
5/5 PAN Aadhaar Link status check online
However, there are people who have done the PAN Aadhaar Linking but they need to check whether their PAN is seeded with Aadhaar number or not. For that they need to click at the direct link of the Income Tax Department website — incometaxindiaefiling.gov.in/aadhaarstatus. Enter PAN and Aadhaar number and go to the ‘View Link Aadhaar Status.’ Their PAN Aadhaar Link Status will get displayed on the computer monitor. Photo: Income Tax Website
