Is It Mandatory To Link Aadhaar With Pan For Taxpayers?

What happens if PAN is not linked with Aadhaar?

If your PAN is not linked with Aadhaar by the current deadline of March 31, 2020, then the PAN will become inoperative.

An individual having an inoperative PAN will not be able to conduct financial transactions wherever quoting it is mandatory.

Using a non-operative PAN is the same as not having a PAN..

Also from April 1, 2019 it has become mandatory to quote and link Aadhaar number while filing income tax returns unless specifically exempted. According to chartered accountants, an individual cannot file his/her ITR without linking the two first. Here is how you can link your PAN with Aadhaar.

Why is my pan showing invalid?

If the PAN is not linked by Aadhaar by a date to be notified by the government then PAN would become invalid. This date has now been notified as September 30, 2019. Once a person’s PAN becomes invalid, the person would be deemed not to possess a PAN and other provisions of the Income Tax Act will apply.

What if PAN is not submitted to bank?

If your PAN is not yet linked with your bank account, you must provide the details of the same to your bank branch to get an income tax refund. If your bank is integrated with the e-filing portal, pre-validation can be done directly through EVC (Electronic Verification Code) and net-banking route. … User ID is your PAN.

How do I know if my PAN card is linked to my bank account?

To check if your bank account is linked to your PAN, log in to the income tax e-filing portal with your user ID and password, go to your profile setting where you will find the option to pre-validate your bank account.

It is mandatory to link Aadhaar to your PAN card even if you are not a taxpayer or else the PAN card will become invalid. Yes , as per income tax act . it is mandatory to Link Aadhaar to your pan card .

In order to continue getting food grains under the Public Distribution System (PDS), it is mandatory to link your Aadhaar card with ration card before September 30. If your ration card is not yet linked to Aadhaar card then do it as only two days are left. Both the documents can be linked online as well as offline.

PAN card is a compulsory Government document which is needed in most of the financial transactions. The Income Tax Department made it mandatory to link bank account with PAN. The main reason for linking PAN card with a bank account is that in case of income tax refunds, it will be credited easily to the bank account.

However, linking Aadhaar with PAN is mandatory. The apex court also said Aadhaar is mandatory for filing Income Tax Return (ITR). The Income Tax Department has said that PAN will go inactive if not linked with Aadhaar by March 31, 2020.

What is the last date for linking Aadhaar with pan?

31 March 2020The linking of Aadhaar with PAN is a mandate for the processing of income tax returns. The extended deadline for linking the two was 30 June 2018 earlier, which has now been further extended to 31 March 2020.

But in case you are an NRI (non-resident Indian) looking to link your Aadhaar card, you need not worry. As per the government criteria, NRIs do not have to link their Aadhaar for banking, mobile, PAN and other services. Aadhaar is only for residents of India. NRIs are not eligible to get Aadhaar.

How can I know my pan is linked with Aadhaar?

Visit www.incometaxindiaefiling.gov.in.Under the ‘Quick links’ head, click on ‘Link Aadhaar’ option. ET Online.A new page will open on your computer screen. … After clicking the hyperlink, you will be required to enter your details- PAN and Aadhaar number.Enter the details and click on ‘View Link Aadhaar Status’.