The process of seeding Aadhaar number with Permanent Account Number (PAN) is now mandatory for filing income tax returns (ITR). PAN is a 10-digit alphanumeric identification number issued by the Income Tax Department. It is essential to have a PAN if your taxable income is more than Rs 2.5 lakh in a financial year.
Aadhaar, on the other hand, is a 12-digit unique identification number issued by the Unique Identification Authority of India (UIDAI) on behalf of the government. The Supreme Court, in September 2018, had made it mandatory to link Aadhaar with PAN for filing ITRs.
The deadline to do this was extended till March 31, 2019. Here’s a step-by-step guide on how you can link your Aadhaar with PAN card online: ### Topic: 5 Benefits of Coconut Oil for Skin and Hair Intro: If you’re like most people, you probably think of coconut oil as a healthy cooking oil.
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Why should you link Aadhaar with PAN Card?
There are a number of reasons why you should link your Aadhaar with your PAN Card. Firstly, it will help the government to keep track of your financial transactions and ensure that you are paying your taxes.
Secondly, linking your Aadhaar with your PAN Card will also help in curbing tax evasion and black money. thirdly, it will also help in identifying the beneficial owners of firms and companies. Lastly, linking your Aadhaar with your PAN Card will also help in getting subsidies and benefits from the government schemes.
How to link your Aadhaar with your PAN Card online – step by step
It is now mandatory to link your Aadhaar number with PAN. The last date to do this is December 31, 2017. The process of linking Aadhaar with PAN is quite simple and can be done online in a few steps. Here’s how you can do it:
- Visit the website of the Income Tax Department (www.incometaxindiaefiling.gov.in).
- Click on the link that says ‘Link Aadhaar’ under the section ‘Quick Links’ on the left side of the page.
- A new page will open where you will be required to enter your details such as PAN, Aadhaar number, name as per Aadhaar, captcha code etc. After entering all the details, click on the ‘Link Aadhaar’ button.
- Your PAN will be linked with your Aadhaar number after successful verification by UIDAI (Unique Identification Authority of India).
How To Link Aadhaar With Bank Account
The process of linking your Aadhaar with your bank account is fairly simple and can be done either online or offline.
If you choose to do it offline, you will need to visit your bank branch and fill out a physical form. Once the form is complete, you will need to submit it along with a self-attested copy of your Aadhaar card. The bank will then verify your details and link your accounts.
If you choose to do it online, the process is even simpler. All you need to do is log in to your net banking portal and look for the option to link your Aadhaar with your account. Once you find it, simply enter your 12-digit Aadhaar number and hit submit. Your bank will take care of the rest.
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