Today, both PAN and Aadhaar (PAN-Aadhaar) are crucial documents. Without them, a variety of challenges may be encountered. Therefore, it has been decided to extend the PAN-Aadhaar Link deadline to June 30, 2023.
The PAN cards will become inactive on July 1 unless the two documents have been linked. For connecting PAN with Aadhaar, a fine of 1000 rupees must be paid. The form to link PAN and Aadhaar has been changed.
The choice of Assessment Year (AY) is accessible when integrating PAN with Aadhaar. The Income Tax Department has now revised the assessment year. To pay a late fee, you must choose the assessment year 2024–2025. The previous last apply date was March 31, 2023. They chose the assessment year 2023–2024 for this reason.
If you link, it will work.
In this instance, the Finance Ministry asserts that the link's deadline will only be extended if completed by the deadline. As of July 1, your PAN card will be useless if you don't link. Cardholders won't be allowed to invest in mutual funds or the stock market if this happens. PAN cards are still needed to open a bank account. A PAN card is necessary everywhere you go, whether you want to buy land or make a deal. Without it, a variety of challenges may arise.
How to know if the link is there or not?
Whether or not your PAN is connected to your Aadhaar, visit the Income Tax website's official page to learn more about this. Click on the "View Link Aadhaar Status" link to see a message in front of you. This will reveal whether or not your PAN is connected to your Aadhaar.
Know how to link.
PAN and Aadhaar linking is quite simple. You must do this by going to the Income Tax website. Visit www.incometaxindiaefiling.gov.in first. Navigate to the homepage's 'Quick Links' section and select the 'Link Aadhaar' option. A new window will then open. Your PAN, Aadhaar, and mobile numbers must be entered here. On the registered phone number, you will receive an OTP. Then click Validate after that. Your PAN and Aadhaar will be connected once you have paid the fine.
