The Income Tax Department has made an important announcement regarding the linkage of PAN and Aadhaar cards. The deadline for linking Aadhaar with PAN is fast approaching, and many people have been rushing to get it done. However, the Income Tax Department has clarified that the linkage is not mandatory for everyone.
The department has warned that failure to link Aadhaar with PAN by the deadline may result in the deactivation of the PAN card. This could have serious consequences, as all transactions associated with the PAN card will be disrupted. Additionally, those who do not link their Aadhaar with PAN may face penalties.
Despite this, the process of linking Aadhaar with PAN is relatively simple and can be done from the comfort of one's home. The official website of the Income Tax Department provides an option to link Aadhaar with PAN, which can be accessed from the quick links section on the homepage. Users need to enter their PAN and Aadhaar numbers and click on the 'Valid' option. They will then be asked to enter the OTP that is sent to their registered phone number, after which the Aadhaar and PAN cards will be linked.
However, the Income Tax Department has also clarified that Aadhaar linkage is not mandatory for everyone. Senior citizens over the age of eighty, residents of certain states, and non-resident taxable persons are exempt from this requirement.
While the government has extended the deadline for Aadhaar-PAN linkage in the past, it is uncertain whether it will do so this time. Those who fail to link their Aadhaar with PAN before the deadline may face serious consequences, so it is important to get it done as soon as possible.