Sunday, March 12, 2023

Pan Aadhar Linking I Last Date I Procedure I Consequence

The Section 139AA of the Income Tax Act provides that every individual person who has been
allotted a Permanent Account Number (PAN) as of the 1st day of July 2017, and who is eligible
to obtain an Aadhaar number, one shall intimate the Aadhaar number in the prescribed form and manner.
In other words, such persons have to mandatorily link their Aadhaar and PAN before the prescribed
date (31.03.2022 without fee payment and 31.03.2023 with prescribed fee payment).
For more details refer to CBDT Circular No.7/2022 dated 30.03.2022.


This will happen if you don't link your Aadhaar-PAN by 31st March 2023:


  1. Your PAN Card will become inoperative until linked with Aadhaar

  2. TDS/ TCS deductions will attract a higher rate applicable to PAN not present.

  3. You will NOT be able to do many banking services such as:
    1. Book a Fixed Deposit above Rs. 50,000
    2. Deposit cash above Rs. 50,000.
    3. Get a new Debit/Credit Card
    4. Invest or redeem your Mutual Funds.
    5. Purchase any foreign currency beyond Rs. 50,000

Follow these steps to link your Aadhaar with your PAN:

Step 1: Visit Income Tax Portal: https://incometax.gov.in/iec/foportal/

Step 2: Click on “Link Aadhaar” in the Quick Links section on the Left side Panel

Step 3: Click on “Continue to Pay Through e-Pay Tax”, in case you have not paid the requisite fees

Step 4: Payment of Fees Mandatory to pay fees of Rs. 1000 to complete the PAN-Aadhar linking process after 31st March 2022 and before 31st March 2023.

Step 5: Submit the Aadhaar PAN Linking Request on the Portal after making the Payment of the requisite fees

Step 6: You can check your status of PAN Aadhaar linking on the Income Tax Portal both through Pre login and Post login mode.

Alternative methods of linking PAN with Aadhaar:

  1. Individuals can also visit the following websites for the linking process- https://www.utiitsl.com/ and https://www.egov-nsdl.co.in/
  2. Through the SMS service: Type the following message UIDPAN<12 digit Aadhaar><10 digit PAN>. The message can be sent to 567678 or 56161.
  3. Visiting nearby PAN service centers: The linking process can also be done manually by visiting the nearby PAN service center.

 

common problems in linking Pan Aadhar?

  • Individuals may be unable to link their PAN to their Aadhaar in some cases. The most common reason for rejection is a mismatch between the information in your PAN and your Aadhaar. Ideally, your demographic information (name, gender, and date of birth) should match in both documents.
  • If there is a minor mismatch between your Aadhaar Name and the actual data in your Aadhaar, a One Time Password (Aadhaar OTP) will be sent to the mobile phone registered with your Aadhaar. Ensure that PAN and Aadhaar have the same date of birth and gender.
  • In a rare case where the Aadhaar name is completely different from the name in PAN, then the linking will fail and you will be prompted to change the name in either Aadhaar or in the PAN database.
  • However, once the corrections have been made, you will able to link the PAN and Aadhaar.

Exemption in Pan Aadhar Linking

The linking of Aadhaar with PAN does not apply to an individual who does not possess an Aadhaar number / Enrollment ID and others are:-

  • residing in the States of Assam, Jammu and Kashmir, and Meghalaya.
  • a Non-Resident as per Income Tax Act 1961.
  • of the age of eighty years or more at any time during the previous year.
  • not a citizen of India.

It is as per notification 37/2017 dated 11-May-2017 issued by CBDT.

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