F F Pan-Aadhaar Linking: Link Your Pan with Aadhaar Card Now to Save Yourself from These 3 Dangers

Saturday, 29 February 2020

Pan-Aadhaar Linking: Link Your Pan with Aadhaar Card Now to Save Yourself from These 3 Dangers

  AADHAAR RELATED ARTICLES       Saturday, 29 February 2020
PAN-Aadhaar Linking: This is an alarm for those who have not yet linked their Permanent Account Number (PAN) with their Aadhaar. People are advised to link their PAN with Aadhaar before March 31, 2020, which is the last date. Not linking PAN and Aadhaar could get you in trouble. Here are three reasons why you should link your PAN with the Aadhaar card.

Pan-Aadhaar Linking
Pan-Aadhaar Linking

  • Pan-Aadhaar Linking: Link Your Pan with the Aadhaar Card Now to Save You from These 3 Dangers

PAN-Aadhaar Linking: This is an alarm for those who have not yet linked their Permanent Account Number (PAN) with their Aadhaar. People are advised to link their PAN with Aadhaar before March 31, 2020, which is the last date. Not linking PAN and Aadhaar could get you in trouble. Here are three reasons why you should link your PAN with the Aadhaar card.

Aadhar Card Copy: How to Get a Aadhar Card Copy Online

  • Link Pan with Aadhaar, Save Yourself from These 3 Dangers:

1. If you do not link your PAN with Aadhaar before March 31, your PAN will stop working. With an inoperative PAN, you cannot make any financial transaction where it is mandatory to quote it. For example, you may not be able to open a bank account, sell or buy a property and make investments.

2. If your PAN ceases to function as a result of not linking you with Aadhaar before March 31 and you are required to provide, intimate or quote the PAN, you will be deemed not to have supplied / intimidated / cited the PAN card.

3. This will also hold you liable for all consequences under the Income Tax Law. You may have to pay a fine of Rs 10,000 according to section 272B of the Income Tax Law.

Your PAN will stop working from April 1, 2020 until it is subsequently linked. Once your PAN has been linked to Aadhaar, your PAN will be operational again from the date PAN has been linked to Aadhaar. It is only advisable to link your PAN and Aadhaar before the deadline of March 31 to avoid canceling the PAN card, which could cause delays in future operations.

  • Pan-Aadhaar Linking: Link Your Pan with Aadhaar Card Now to Save Yourself from These 3 Dangers

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