Pan Card has become the most important document for every financial work in today’s time. PAN is needed only in the bank or other transactions related to income tax return.
PAN card is also used for identification and financial transactions, but sometimes people make one or more PAN cards by mistake. This time in the budget, Finance Minister Sitharaman has also made a big announcement regarding the PAN card. In Budget 2023, the Finance Minister has given a new identity to the PAN card. He has said that now the use of PAN card will be common for all. Now you can use PAN card as a Common Identifier. Along with this, any business can also be started with PAN card only.
In such a situation, it is very important that your PAN card remains active. For this, PAN card holders are advised to link their Permanent Account Number (PAN) with Aadhaar card number by March 31, 2023. If you do not link your PAN with Aadhaar before this deadline, then your PAN card can also be deactivated. Along with this, you will also have to pay Rs 1,000 for linking PAN with Aadhaar.
These PAN card holders will have to pay Rs 10,000.
Further, if the person presents a PAN card, which is no longer valid, then under section 272N of the Income Tax Act 1961, the Assessing Officer may direct that such person pay Rs 10,000 as penalty. Will pay an amount of Rs.
Jail can also happen for these reasons.
Many times people make one or more PAN cards by mistake. Although these PAN cards are made only on the basis of correct identity and details, but before 2016 the Income Tax Department had received many complaints. In these complaints, it was revealed that he had more than two PAN cards.
If you also have more than one PAN card, then it would be better for you to surrender them. The Income Tax Department says that if a person has more than one PAN card, then there is a minimum punishment of 6 months and a minimum fine of Rs 10,000. This punishment and fine can both increase.
This is how you can get the link online
First of all go to the website of Income Tax.
Enter the name, PAN number and Aadhaar number as given in the Aadhaar card.
Tick the square if only the year of birth is given in the Aadhaar card.
Now enter the captcha code.
Now click on the Link Aadhaar button,
your PAN will be linked to Aadhaar.
This is how you can link through SMS,
you have to type UIDPAN on your phone. After this, write the 12 digit Aadhaar number. Then write the 10 digit PAN number. Now send the message mentioned in step 1 to 567678 or 56161.
How To Activate Inactive PAN An inactive PAN card can be activated. For this you have to do an SMS. You will have to go to the message box and enter the 10-digit PAN number from your registered mobile, then enter the 12-digit Aadhaar number by giving a space and send an SMS to 567678 or 56161.