PAN Card Update : Critical Change Implemented, Potential Financial Risks
A new rule regarding PAN cards has been implemented across the country. To avoid any issues, PAN card holders must ensure their cards are updated according to the latest guidelines.
PAN cards, much like Aadhaar, have become essential documents for Indian citizens. Serving as a Permanent Account Number, PAN cards are crucial for special transactions and are widely accepted across financial and legal processes.
Many changes in PAN card rules
The government has made many changes in the PAN card rules from time to time, about which PAN cardholders need to know. The income tax department has issued a new rule for PAN cards, which is very important for you to follow.
About which we are going to talk in detail today. PAN Card New Rule For your information, let us tell you that the government has issued strict instructions as well as keeping you updated regarding the use of PAN cards.
What is the new rule related to PAN cards?
Not that everyone can use a PAN card nowadays. Under the new rule, all PAN card holders need to link their PAN card with an Aadhaar card. If you do not do this then your PAN card will be deactivated.
As of now, the fixed date or last date for linking Aadhaar and PAN cards together is 31st December 2024. If you do not link your PAN card with your Aadhaar card within the time and do not follow all the terms and conditions then your PAN card will be deactivated. You may face many problems in activating it.
What is the main purpose of linking PAN and Aadhaar?
The main objective of linking PAN and Aadhaar at present is to promote financial transparency. Along with this, Sakar knows that for those who have PAN cards, all their activities can be easily tracked.
So how much black money do they own, how much tax they are evading? To curb all these types of work, the rule of linking PAN cards to Aadhaar cards has been issued.
Because after linking the Aadhaar card and PAN card, the government can easily get all kinds of personal information of all people.
To link your PAN card with your Aadhaar, follow these simple steps
Step-by-Step Guide to Link PAN with Aadhaar
- Visit the Income Tax e-Filing Website
- Open your web browser and go to the Income Tax e-Filing portal: www.incometax.gov.in.
- Locate the ‘Link Aadhaar’ Section:
- On the homepage, find and click on the ‘Link Aadhaar’ option. You can usually find this under the ‘Quick Links’ section.
- Enter Your PAN and Aadhaar Details:
- Enter your 10-digit PAN number and 12-digit Aadhaar number in the respective fields.
- Confirm Your Name and Verify Details:
- Check your name as it appears on both your PAN and Aadhaar cards. Ensure they match; if there is a discrepancy, you may need to update the information on one of the documents before linking.
- If only the birth year appears on your Aadhaar, tick the checkbox confirming this information.
- Enter the Captcha Code:
- Complete the Captcha code shown on the page. If visually impaired, you can opt for the OTP (One Time Password) option.
- Submit the Details:
- Once you have verified all the information, click on the ‘Link Aadhaar’ button.
- Confirmation Message:
- A message confirming the successful linking of PAN with Aadhaar will appear on the screen. If linking was unsuccessful, an error message will appear, guiding you on what to correct.