PAN Card : If you also use or possess a PAN card, then there is an important update from the Government of India regarding PAN card rules. The government has recently made a change in the regulations related to PAN cards. What is the new rule and what do you need to do? Read this full article carefully to know all the details.
PAN Card Latest News
In India, the PAN card is one of the most essential documents for every citizen. If you don’t yet have a PAN card, it is mandatory to get one as soon as possible. A PAN card is useful for various purposes.
For example, if you have a PAN card, your banking work will not face any interruptions. It is also important for availing government schemes and benefits without any issues. Additionally, a PAN card is required for various other official and financial tasks.
The government has now released a new rule related to PAN cards, especially for those whose PAN cards are not linked with their Aadhaar cards. This update is extremely important for all PAN card holders.
Link Your PAN Card with Aadhaar Card
The Government of India has issued a new rule for its citizens. According to the new rule, if you don’t have a PAN card, you cannot perform financial transactions. Moreover, for people who file Income Tax Returns (ITR), a PAN card is absolutely mandatory.
Recently, the government has made a major announcement stating that if your PAN card is not linked with your Aadhaar card, it will become invalid or inactive.
The Income Tax Department has officially tweeted that linking your PAN with Aadhaar is compulsory. If you have not yet linked your PAN with Aadhaar, your PAN card will soon become invalid.
Government’s New Rule on PAN-Aadhaar Linking
Earlier, linking PAN with Aadhaar was free of cost. However, the government has now imposed a penalty of ₹1,000 for linking. Initially, linking was free till 31 March 2022, but from 1 April 2022, a late fee of ₹500 was introduced, which was later increased to ₹1,000.
How to Link PAN Card with Aadhaar Card
Linking your PAN card with Aadhaar is very simple. Follow the steps given below:
- Visit the official website of the Income Tax Department — https://www.incometax.gov.in
- Click on the “Services” option.
- From the drop-down menu, select “Link Aadhaar”.
- Next, click on “Know About Aadhaar PAN Linking Status”.
- A new page will open where you need to enter your PAN and Aadhaar details.
- After that, click on “View Link Aadhaar Status”.
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Finally, click on the “Link Aadhaar” button.
Your PAN card will then be successfully linked with your Aadhaar card.
