PAN Card Archives - Talk To Iconic

You do not need to keep a PAN card at home if you use one. because the PAN card is now recognized as legal identification throughout the nation. An individual, business, or other entity receives a PAN, which is a 10-digit alphanumeric identification number.

PAN cards now have a new identity thanks to Finance Minister Nirmala Sitharaman‘s Budget 2023. All people will utilize PAN cards on a regular basis. PAN cards can now be used as identification cards.

Permanent Account Number (PAN) cards would be utilized as a common form of identity for all digital systems used by government institutions, according to Finance Minister Nirmala Sitharaman on Wednesday. In addition to promoting Ease of Doing Business, this step will benefit the country as well.

PAN cards serve as identity proof

You can now use your PAN card to establish your identification and conduct financial activities. The 10-character alphanumeric number displayed on the PAN card is what gives it its true value. These numbers are exclusive, meaning that only one individual can have a given number.

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.

Tag: PAN Card

PAN card is now valid in the whole country as an identity card, announced in budget 2023

If you also have this type of PAN card then you can be fined Rs 10000, know the rules!