The news is very important for you if you have a PAN card as well. PAN holders need to link their Aadhaar numbers with their PAN by 31st March 2022. It is also possible to deactivate a PAN card if Aadhaar is not linked with your PAN before this deadline. Linked Aadhaar and your PAN will cost you Rs 1,000.
There is still a problem for PAN card holders because they cannot invest in Mutual Funds, Stocks, Open Bank Accounts, etc. since PAN cards are required.
PAN card holders will need to pay Rs 10,000
Moreover, if the person presents an invalid PAN card. The Assessing Officer can charge the person a penalty of Rs10,000 under section 272N of the Income Tax Act 1961.
This link can be made online
1.) Go to the Income Tax website first.
2.) You must enter the name, PAN number, and Aadhaar number located on your Aadhaar card.
3.) When the Aadhar card only contains the year of birth, check the square.
4.) Enter the captcha code.
5.) Now click the link to Aadhaar button
6.) The PAN will be linked with the Aadhaar number.
Linking can be done through SMS
You must type UIDPAN on your phone. Then enter your 12-digit Aadhaar number. Enter the 10 digit PAN number. You can send this message to either 567678 or 56161.
How to activate idle pan
It is possible to activate inactive PAN cards. A text message is required to complete this process. By giving space and SMSing 567678 or 56161, enter the 10 digit PAN from your registered mobile and enter the 12 digit Aadhaar number into the message box.