PAN Aadhaar Link: Simplified Steps

Why Link PAN Aadhaar? Mandated by the government for legal compliance and operational efficiency. Latest Update: Deadline extended to June 30, 2023. Failure results in "inoperative" PAN from July 1, 2023, with no refunds, higher TDS/TCS rates.

Benefits of Linking: Easy tracking of financial transactions, seamless e-verification, prevention of duplicate PANs, enhanced fraud prevention. Exemptions: Certain individuals like residents of specific states, NRIs, and those above 80 are exempt from mandatory linking.

Process: Visit Income Tax Portal, select "Link Aadhaar," enter details, consent, and submit. Steps via SMS: Compose message: UIDPAN <12-digit Aadhaar> <10-digit PAN>, send to 56161 or 567678.

Confirmation: Receive confirmation message post-sending, acknowledging successful linkage.