The central government has implemented new rules regarding PAN card (PAN Card New Rule) across the country, and failure to comply with this will result in huge losses.
PAN card holders should ensure that their card is updated as per the latest guidelines to avoid future problems.
Like Aadhaar card, PAN card is also an essential document for Indian citizens. Permanent Account Number PAN card is a document required for special transactions, financial and legal processes.
The government has made many changes in the PAN card rules. PAN card holders should be aware of this. The Income Tax Department has now issued new rules regarding PAN card. This is a very important rule that everyone should follow.
What is the new rule?
It is mandatory for PAN card holders to link with Aadhaar card. Failure to do this will make the PAN card inoperative. Currently, the last date for linking Aadhaar and PAN card is December 31. If the PAN card is not linked with Aadhaar card within the deadline and the criteria are not followed, the PAN card will be inoperative. After that, you will have to face a lot of problems to activate it.
Why link?
The main purpose of linking PAN and Aadhaar is to bring transparency in financial transactions. With this, PAN card holders can easily track all their activities.
It helps to know how much black money someone has and how much tax evasion has occurred. After linking Aadhaar and PAN card, the government can easily access personal information of all kinds of people.
How to link?
Here is an easy way to link PAN card with Aadhaar. For this, visit the official website of Income Tax e-filing.
Open the Income Tax e-filing portal www.incometax.gov.in and search for the ‘Link Aadhaar’ section and select it. It can be found under the ‘Quick Links’ section. Enter your PAN and Aadhaar details here. Enter the 10-digit PAN number and 12-digit Aadhaar number. Then verify and confirm the name and details.
Make sure that your name is correct in the PAN and Aadhaar cards and that they match…
One important thing to note
Link PAN and Aadhaar within the deadline specified by the government. Avoid problems due to delay.
First, make sure your name, date of birth and gender information are correct in both the documents.
In case of any issue, one can visit the nearest PAN Seva Kendra or contact the Income Tax Helpline.