The country’s largest bank, State Bank of India has asked its customers to link their PAN card with Aadhaar to avoid any inconvenience in future. Let us tell you that the Central Board of Direct Taxes (CBDT) has issued PAN and Aadhaar link. […]
The country’s largest bank, State Bank of India has asked its customers to link their PAN card with Aadhaar to avoid any inconvenience in future. The Central Board of Direct Taxes (CBDT) has extended the last date for linking PAN and Aadhaar to June 30.
Informing its customers, SBI said, We advise our customers to link their PAN with Aadhaar to avoid any inconvenience and continue to enjoy banking services without any hassle.
It is mandatory to link PAN with Aadhaar
The tweet further states that it is mandatory to link PAN with Aadhaar. If PAN and Aadhaar are not linked, PAN will become inactive and you will not be able to do certain transactions. The last date for linking PAN with Aadhaar is June 30, 2021.
Keeping in mind the difficulties of taxpayers in the Corona crisis, the Central Government had issued a notification, in which the last date for reporting of Aadhaar number and linking it with PAN was extended till 30 June 2021. The government has extended the deadline for linking two identity numbers several times since July 2017.
How to link PAN with Aadhaar
First of all go to the e-filing portal of the Income Tax Department. Enter your PAN number, Aadhaar number and name here. After this fill the letter shown in the captcha. Now click on ‘Link Aadhaar’ option and your PAN Aadhaar linking will be completed.
Link PAN and Aadhaar through SMS
You can also link your PAN with Aadhaar number through SMS. For this, SMS has to be sent to 567678 or 56161 from your registered mobile number. To do this, type UIDPAN (12 Digit Aadhaar Number) (10 Digit PAN) in mobile and send it to 567678 or 56161. After this, according to your Aadhaar details, the IT department will validate your name, date of birth and gender, after which the linking will happen.
Why PAN is necessary
PAN is mandatory for many financial transactions including opening bank accounts, depositing cash in bank accounts, opening demat accounts, transactions in immovable properties and transactions in securities. While Aadhaar is biometric based and cannot be obtained on the basis of any other identity document, linking the two is important for the tax administration.
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