June 30, Friday is the last date to link PAN with Aadhaar, according to the latest notification from the Ministry of Finance’s Department of Revenue. For linking the two cards, users will have to pay Rs 1,000.
The central government had earlier fixed the last date to link PAN and Aadhaar as March 31, 2023. However, the date was later extended to June 30. After today, if one fails to link their two cards by the deadline, their PAN will become inactive.
It is mandatory for all taxpayers to link their PAN number with Aadhaar. Capital markets regulator Sebi has also directed investors to link their PAN, which is the sole identification number for all transactions, with an Aadhaar number to continue doing transactions in the securities markets.
Why has the government made it mandatory for taxpayers to link their PAN with their Aadhaar?
The Centre made it mandatory to link two cards to have a robust way of de-duplication of the PAN database after the income-tax department came across instances where multiple permanent account numbers were allotted to one person or one PAN was allotted to more than one person.
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Here’s how you can link your PAN number with your Aadhaar card:
1. Go to the Income Tax e-Filing portal i.e., incometaxindiaefiling.gov.in2. Click on the ‘Link Aadhaar’ option3. Submit your PAN number, and Aadhaar card details in the relevant fields4. Verify your details and click on submit5. You will get a confirmation message on the screen, and an OTP will be sent to your registered mobile number after the successful linking of your PAN and Aadhaar.
Also Read | Link your PAN and Aadhaar today: Here’s what can happen if you don’t
It should be noted that PAN and Aadhaar cards can be linked on any device such as a laptop, tablet, or computer with an internet connection.
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While it is mandatory for every Indian citizen to link their PAN number with their Aadhaar card, exceptions have been made for Indian citizens with the age of above 80, non-residents, and non-citizens.