Linking PAN with Aadhaar Post-Deadline: What to Do?

To enhance efficiency in identity verification, India mandates **linking PAN (Permanent Account Number) with Aadhaar**. PANs not linked by 30th June 2023 became inactive from 1st July 2023. This guide covers post-deadline Aadhaar-PAN linking, penalty payments, and tax compliance. Latest Update: The linking deadline was 30th June 2023. From 1st July 2023, unlinked PANs turned inactive, affecting TDS/TCS rates per Sections 206AA & 206CC of the Income Tax Act, 1961, for transactions using inactive PANs unless linked by 31st May 2024. Importance of Linking: Linking prevents duplicate PANs, improves identification, and aids the government in tracking financial activities, reducing tax evasion. Non-Linking Consequences: An unlinked PAN is inactive, elevating TDS/TCS rates and preventing tax return processing until linked.

How to Verify Aadhaar-PAN Linking

1. Visit the Income Tax e-filing portal.
2. Select ‘Link Aadhaar Status’ in Quick Links.
3. Enter PAN & Aadhaar numbers, then ‘View Link Aadhaar Status’.
4. Confirm successful linking.

Linking PAN with Aadhaar Post-Deadline

Follow two main steps: penalty payment and link request submission.

Step I: Penalty Payment

1. Access the Income Tax e-Filing Portal.
2. Select ‘e-Pay Tax’ in Quick Links.
3. Enter PAN, confirm, provide mobile number, and proceed.
4. Verify with OTP sent to your phone.
5. Select ‘Income Tax’ tab, choose Assessment Year, and complete payment via net banking, debit card, or authorized banks.

Step II: Submit Aadhaar-PAN Link Request

Online Method (Without Logging in)

1. Visit the e-filing Portal and select ‘Link Aadhaar’.
2. Enter PAN & Aadhaar details, validate, and send.
3. OTP confirmation and submit for UIDAI validation.

Offline Method: Visit a PAN service center, fill forms, submit necessary documents.

Re-Activating Inoperative PAN

After submission, UIDAI processes activating the PAN in 7-30 days, impacting its use for financial activities.

Benefits of Linking PAN with Aadhaar

• Monitors transactions preventing tax evasion.
• Simplifies tax filing for faster verification.
• Removes duplicate PANs, ensuring uniqueness.
• Maintains compliance, avoiding penalties.

Linking PAN with Aadhaar is critical for Indian taxpayers. The deadline has passed, but linking is possible with a penalty. Adhere to outlined steps to avert financial issues, maintain PAN validity, and fulfill tax obligations.