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PAN-Aadhaar Link Alert: If your PAN card is not yet linked to Aadhaar, then this news is very important for you. The government has fixed December 31 as the last date for PAN-Aadhaar linking. If the linking is not done within the stipulated time, common people may have to face a lot of problems in many tasks related to banking, tax and investment.
The Income Tax Department has already made it clear that unlinked PAN will be deactivated after the deadline.
What will happen if PAN-Aadhaar is not linked by 31st December?
If you do not link PAN to Aadhaar in time, then:
- PAN card will become inactive
- Will not be able to file Income Tax Return (ITR)
- There will be problem in opening bank account or updating KYC.
- Mutual funds, stock market and other investments will be affected
- Additional hassles may occur on high value transactions
- In simple words, your financial activities may come to a halt if PAN becomes inactive.
How to check whether PAN-Aadhaar is linked or not?
You can find out in a few seconds sitting at home whether your PAN is linked to Aadhaar or not –
- Visit the official website of Income Tax Department
- Click on ‘Link Aadhaar Status’ option
- Enter PAN and Aadhaar number
- Status will appear on the screen
How to link PAN-Aadhaar?
If PAN is not yet linked to Aadhaar, you can complete the process online through the Income Tax Portal.
Why is PAN-Aadhaar linking necessary?
- According to the government, through PAN-Aadhaar linking
- Fake PAN is banned
- Tax system becomes more transparent
- Financial fraud is reduced
The deadline of 31st December is near. If you have not linked PAN-Aadhaar yet, do not wait for the last moment. A small work can save you from big problems in future.
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