PAN Card and Aadhaar Card are the two most important documents made mandatory by the government when it comes to opening any bank account, making new investments, filing returns or making any transaction above a particular threshold. Also, the Income Tax Department has made it mandatory to link Aadhaar to PAN card to facilitate and keep a track of the transactions, thereby eliminating the loopholes and to a great extent the illegal money network and unaccounted transactions.
The Income Tax Department through its latest notification has made it mandatory to link PAN with Aadhaar by 31st March 2023, failing which the PAN will become inoperative and you will become liable for all the consequences for not furnishing/intimating/quoting PAN in all transactions where you are required to provide PAN compulsorily. The deadline for linking PAN with Aadhaar was extended many times previously, but this time the Income Tax Department through the Central Board of Direct Taxes is keen and serious about the deadlines. Those who have missed out on the previous dates with respect to the PAN Aadhaar link age, can also get it done now by paying a late fee of Rs. 1000. But remember and mark the date – till 31st March 2023 only!
PAN is a mandatory document for all the tax-paying citizens of India. It must be compulsorily mentioned on your income tax returns. Here are some of the applications for the PAN number:
Additionally, you will not be able to use your PAN for financial transactions such as bank account opening, fixed-deposit investment, income tax returns, etc. in case if it is not linked with Aadhaar before the given deadline of 31st March 2023. If you’re one of them, you can link your PAN with Aadhaar online.
By mentioning your PAN number on these transactions, the government is able to keep track of the financial transactions you have carried out in a year and levy a corresponding income tax. To proceed in this case, it is important that your PAN is linked with Aadhaar.
There are some exempt categories for PAN-Aadhaar linkage like-
There are numerous benefits of PAN Aadhaar linking check and also it is very easy to link Aadhaar to PAN card online. The most important reasons to link PAN with Aadhaar online are that – it will greatly help to eliminate duplicacy, fraud and illegal activities, and help the government to keep a track of the transactions; thereby increasing tax collection which in turn will aid in undertaking development works and beneficial schemes.
In short, this step of PAN Aadhaar linking made mandatory with strict deadlines will ensure for a prosperous economy and help curb the illegal trail of money. Although some may feel as if this will reveal their personal information and a breach of privacy. But there have been certain checks provided to only access certain information with respect to the process. This will only ensure long-term benefits and growth of our country, fulfilling the aspirations of people and moving towards greater transparency.
We have given the numerous advantages and disadvantages of the PAN-Aadhaar linkage. If you haven’t yet initiated the PAN Card Aadhaar Card link process, then don’t worry – we can surely help you get it done with minimum time and cost! But how?
We bring to you – RPACPC which is an effective and secure service that allows you to link Aadhar to PAN card online quickly and easily. So why to wait when we got what you are looking for? Avail the services now and be future ready by keeping the process up-to-date and by avoiding any inconvenience.
PAN AADHAAR linking check can be done by any individual on the RPACPCs portal as well as on the portal of the Income Tax Department of India. Also, the user can link his/her PAN with AADHAAR online if it’s not already linked on the same portal, i.e., on the https://panaadhaarlink.rpacpc.com/ and the Income Tax Department which is governed by the Central Board for Direct Taxes (CBDT) and is part of the Department of Revenue under the Ministry of Finance.
RPACPC is a one-stop end-to-end solution platform for PAN Aadhaar linking check and that will help and guide you to complete the link PAN with Aadhaar online with ease, but that’s not all! We have got a range of services that helps businesses fulfil their tax compliances through tech-enabled process and solutions.
Our USPs are –
With RPACPC, you can easily get your PAN-Aadhaar linked by just following some simple steps-
*Tick the Box with following particulars as Applicable and click on Link Aadhaar
– I have the only year of birth on Aadhaar Card
– I agree to validate my Aadhaar details
3. Click on the Link Aadhaar button.
We have introduced an instant PAN allotment service based on Aadhaar, enabling real-time assignment of PAN numbers.
The steps are-