PAN AADHAR LINK
Problems with PAN Aadhar Link?
Missed PAN-Aadhaar Linking Deadline?
How to Link Aadhaar and PAN
Why Linking PAN with Aadhar is Necessary?
How to Check Aadhar PAN Card Link Status Online?
What is the TDS rate if PAN is not linked to aadhar?
PROBLEMS WITH PAN AADHAR LINK?
Missed PAN-Aadhaar linking deadline?
There are several reasons because of which you may be facing problems while linking your PAN with Aadhaar.
Some of the common reasons include information mismatch of information in both.
Such as
Spellings of name,
Date/year of birth,
Gender information
Mobile number for receipt of OTP for linking of PAN, etc.
There could be some technical issues too. The below can be the causes:
Technical Glitches: Sometimes technical glitches on the official platforms or websites used for linking could be the reason of hindering the process.
Server Overload: During peak periods such as deadlines for linking etc, the servers might be overloaded, causing delays or errors.
Pending Aadhaar Authentication: If your Aadhaar card hasn’t been properly authenticated, it might not be possible to link it with PAN.
Non-Operational PAN or Aadhaar: If your PAN or Aadhaar is inactive, expired, or suspended for any reason, linking might not be possible.
Legal or Administrative Reasons: In some rare cases, legal or administrative issues might prevent the linking of PAN and Aadhaar.
HOW TO LINK AADHAAR TO PAN
Before you take any measures, please check the following basics
Please Double-check your PAN and Aadhaar details for any discrepancies being entered.
Ensure your Aadhaar details are up-to-date and accurate.
Please Use the official government portals or methods for linking (e.g., through the Income Tax Department’s website).
If you’re still facing issues, consider reaching out to the relevant authorities, such as the Income Tax Department or the UIDAI (Unique Identification Authority of India), for assistance.
If there is a mismatch on account of Aadhaar Card details, please get the Aadhaar details corrected by the concerned authority.
If the corrections are required in the PAN information then you may use the given link and process the rectifications required. https://uidai.gov.in/my-aadhaar/update-aadhaar.html2
A guide video is also available in the office website of income tax of India.
Link Aadhaar User Manual | Income Tax Department
OR
https://www.microsoft.com/en-us/edge/features/bing-chat?form=MT00D8
IF AADHAR NOT LINKED WITH PAN THEN WHAT HAPPENS
Why Linking of PAN with AADHAR is necessary?
If you have not linked your Aadhar with PAN then you will face many day-to-day operational issues in financial transactions.
ITR) Filing: The most significant impact of not linking PAN and Aadhaar is that you might not be able to file your income tax return (ITR). The Income Tax Department requires the PAN and Aadhaar linkage for ITR filing. If your PAN and Aadhaar are not linked, you might not be able to submit the tax return.
Refund processing: If you’re eligible for an income tax refund, the linking of PAN and Aadhaar ensures that the refund process is smooth and accurate. Without the linkage, there could be delays or issues in receiving your refunds.
Bank Transactions and other Investments: Today all financial institutions including banks require PAN details for various transactions, including opening bank accounts, making high-value transactions at retail outlet and investing in financial instruments. Not having a linked PAN and Aadhaar might hinder these activities.
Property Transactions: PAN details are often required for property transactions, such as buying or selling real estate. Without a linked PAN and Aadhaar, these transactions might face complications.
Suspension of PAN: In some cases government might suspend a PAN that is not linked with Aadhaar. This could result in the PAN becoming unusable for financial transactions.
Legal Compliance: Linking PAN and Aadhaar is a legal requirement as per the provisions of the Income Tax Act. Not complying with this requirement could potentially lead to legal consequences or penalties.
Tax Evasion Scrutiny: The linkage of PAN and Aadhaar helps the government track financial transactions and identify cases of potential tax evasion. Failing to link your PAN and Aadhaar might raise suspicions or lead to further scrutiny.
Difficulty in Opening New Accounts: If your PAN and Aadhaar are not linked, you might face challenges in opening new financial accounts, such as demat accounts or trading accounts.
It’s important to note that government regulations and policies might have changed since September 2021. Therefore, I recommend checking the latest updates from official government sources or consulting with financial and taxation experts for the most current information on the implications of not linking PAN and Aadhaar.
What is the TDS rate if PAN is not linked to Aadhar?
In case link to aadhaar to PAN is not done, many tax deductions will be @20% in place of lesser standard value. e.g Fixed deposit investors who has missed the deadline for linking their PAN with their Aadhaar are now liable to pay a 20 per cent Tax Deducted at Source (TDS) on it.
20% Tax Deduction is most Transactions