Pan Card: There's no need to apply for a PAN since the Indian Income Tax Agency will offer it to anyone who asks for it or gives it to someone who doesn't.
Under the Indian Income Tax Act, 1961, a PAN is a unique identification granted to all judicial organizations. Section 139A of the Income Tax Act provides for the issuance of a personal identification number (PAN) and its associated card.
A PAN card is not recognized as proof of Indian citizenship because it is also provided to foreign persons (such as investors) who have a valid visa. For submitting income tax returns, you'll need a PAN.
Aadhar Card: Aadhaar is a 12-digit unique identification that is used by Indian residents and is based on demographic and biometric data. Individual personal data is gathered and maintained in the databases of India's Unique Identification Authority (UIDAI).
The government has issued an order requiring every taxpaying person in India to link their PAN to their Aadhaar Card. Every individual was required to complete this connection by July 1st.
Why should link pan card with aadhar card: If you want to link pan card with aadhar card then you should know about aadhar card and pan card. A Pan Card is a Permanent Account Number, this document works principal function is to track and identify each and every financial transaction that an individual undertakes. The Income Tax Department issues it under the strict control of the CBDT, or Central Board for Direct Taxes. The most essential function of a PAN is to guarantee that every person fulfills his or her obligation to pay taxes.
Why should link aadhar card with pan card: An Aadhaar Card is a unique identifying number (UID) given by the Unique Identification Authority of India, a federal government agency based in India (UIDAI). The government plans to retain a database with information on every Indian citizen who has enrolled. It gathers a person's picture, fingerprints, and iris scans in addition to their personal information. It is extremely simple to identify an individual using this information system by simply cross-referencing their data with the data in the system.
Income tax returns could be e-filed without connecting Aadhaar and PAN till August 5, 2017, according to an Income Tax Department announcement. The deadline to link PAN Card with Aadhar Card number, which had previously been extended from 31 August 2017 to 31 December 2017 and then to 31 March 2018 and 30 June 2018, has now been extended to 31 March 2021. It has also been extended till June 30, 2021.
Although income tax returns can be filed without connecting, the tax agency will not process them unless the PAN and Aadhaar numbers are connected. People can use the department's official e-filing website to link the two identities, whether the names in the two databases are identical or there is a slight discrepancy.
By signing on to the income tax e-filing system, you may link your Aadhaar number to your PAN. On the income tax portal, there are two options.
Step 1: Go to www.incometax.gov.in for further information. When you get to the bottom of the main page, select the ‘Our Services' link.
Step 2: Enter the following details:
Step 3: If your Aadhaar card only has your year of birth, tick the box that says “I have just year of birth in Aadhaar card”.
Step 4: Check the box that reads, "I accept to have my Aadhaar information validated." To continue with the Aadhaar connecting process, you must tick this box.
Step 5: Select Continue.
Step 6: Your mobile number will be sent a 6-digit Time Password. On your screen, enter this OTP on the verification page. Click the ‘Validate' button after entering the OTP.
Step 1: Sign up for the e-filing site if you haven't already.
Step 2: Enter the User ID to access the Income Tax Department's e-Filing portal.
Step 3: Secure access message confirmation and password entry. Click on "continue" to continue.
Step 4: Following your initial log in, select "Link Aadhaar". Other options include visiting My Profile and selecting 'Link Aadhaar' under the Personal Details section.
Step 5: When you register on the e-Filing site, your name, date of birth, and gender will already be filled in. As though you were using Aadhaar, enter your number and name. Your Aadhaar card's details should match those on the screen.
Step 6: By checking the box "I agree to authenticate my Aadhaar data", you must provide your approval.
Step 7: Click on the ‘Link Aadhaar’ button.
Step 8: If your Aadhaar number has been successfully connected to your PAN card, a pop-up notification will let you know.
You may now link your Aadhaar and PAN by SMS as well as a web-based service. Using an SMS-based tool, the Income Tax Department has encouraged people to link Aadhaar and PAN. You may accomplish this by sending a text message to 567678 or 56161, respectively. This is how you send an SMS to 567678 or 56161:
Type Message - UIDPAN, 12 digit Aadhaar number , and 10 digit PAN number
Using these simple procedures, you may verify that the two id numbers are connected in the IRS database.