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Link PAN Card with Aadhaar Card : As you all know a PAN (Permanent Account Number) card is a unique 10 character code that is assigned to all tax payers in India. It is issued by the Income Tax Department of India and links all your transactions that attract tax within a single source, thus making it convenient for the government to keep a track of all these transactions. Not only that but government is likely to set 31 December’ 2017 as a deadline to link PAN Card with Aadhaar Card, a report in the Hindustan Times said this quoting government sources. If you do not do this by 31st December’ 2017, your PAN card will become invalid, the report said.
A PAN card is mandatory filing Income Tax returns in India, for all the individuals as well as entities that pay tax. Not only that, but a PAN card is also used as proof of identity and age for almost every financial and non-financial transactions.
The Aadhaar card is a unique identification card with a 12 digit unique number issued by Unique Identification Authority of India. It is assigned to every citizen of India. It serves as a valid proof of identity as well as proof of address. It is a great initiative by the government of India to have a single identification document for every Indian citizen. Aadhaar card is a personal identification card which contains the individual’s biometric as well as demographic information.
Benefits of Linking PAN Card with Aadhaar Card
The government of India has requested all individuals and entities to link their PAN cards with their Aadhaar cards. This process is being done for the following purposes:
Prevent Tax Avoidance:
By linking the Aadhaar and PAN cards with each other, the government of India will be able to keep a track on the taxable transactions of every individual or entity, whose identity and address will be verified by his/her Aadhaar card. This means that each and every taxable transaction or activity will be recorded by the government, thus preventing tax evasion.
Prevent Use of Multiple PAN Cards:
Another big reason to link PAN with Aadhaar Card is to reduce the number of individuals or entities who are applying for multiple PAN cards in an effort to defraud the government and also avoid paying taxes.
By linking the PAN Card and Aadhaar, the government of India will be easily able to link the identity of an entity through his/her Aadhaar card, and not only that but will also have details of all financial transactions made through the linked PAN card. In case there are are multiple PAN cards registered under the same name, the government will identify the same and take strict action against all such individuals and entities.
Ease in Filing of Income Tax Returns:
Once the Entities and Individuals have linked their PAN and Aadhaar Card they will be able to file their e-Returns, or their online Income Tax returns quite quickly and effortlessly. By linking both PAN and Aadhaar Card, entities and individuals will not need to submit their Income Tax acknowledgement to the IT department, thus helping tax payers to get rid of a lot of trouble.
Steps for Linking PAN Card and Aadhaar Card
To link PAN and Aadhaar Card, you first need to first register on the Income tax e-Filing portal. Once you do so, you need to follow the following steps :
- Log in to the e-Filing portal of the IT Department by entering your Login ID, Password and Date of Birth.
- After logging in to the portal, you will see a pop up window, prompting you to link your PAN card with Aadhaar card.
- Your Details like your name, date of birth and gender will already be mentioned exactly as per the details mentioned during the time of registration on the e-Filing portal.
- Verify the on screen details with the ones which are mentioned on your Aadhaar card.
- If the details match exactly on your Aadhaar Card, enter your Aadhaar card number and finally click on the “link now” button.
- Finally, a pop-up message will appear saying that your Aadhaar card has been successfully linked to your PAN card.
Now, you must be aware how important it is to link your Pan Card with Aadhaar Card. We would request all of you reading this article to Link your PAN with Aadhaar, to help India move in progressive and fraud free direction.
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