comScore
Active Stocks
Fri Sep 29 2023 15:59:14
  1. Tata Steel share price
  2. 129 1.78%
  1. NTPC share price
  2. 245.65 3.3%
  1. Power Grid Corporation Of India share price
  2. 199.85 -0.45%
  1. State Bank Of India share price
  2. 598.7 1.48%
  1. Wipro share price
  2. 406.25 0.11%
Business News/ Money / Personal Finance/  PAN card, Aadhaar card linking new deadline announced. 5 things to know
Back

PAN card, Aadhaar card linking new deadline announced. 5 things to know

The deadline to link PAN with Aadhaar has now been extended for the eighth time
  • Many taxpayers are yet to interlink their PAN cards with Aadhaar cards
  • Aadhaar card can be used in lieu of PAN card by both those who have PAN card and also those who do not have it. (Income Tax department)Premium
    Aadhaar card can be used in lieu of PAN card by both those who have PAN card and also those who do not have it. (Income Tax department)

    NEW DELHI : The income tax department has once again extended the deadline for linking of PAN card and Aadhaar card. After the 2018 Supreme Court verdict on constitutional the validity of Aadhaar, the 12-digit identification number is mandatory not only for filing of income tax returns (ITR) but also for Permanent Account Number (PAN) card.

    PAN card, Aadhaar card linking rule explained in 5 points:

    1) If you are applying for a new PAN card, quoting of Aadhaar is compulsory in your application form and after that you are allowed to use your Aadhaar number wherever PAN is sought. PAN and Aadhaar numbers are now interchangeable. For new applicants of PAN card, the interlinking is done automatically during the application stage.

    2) For existing PAN card holders, it is mandatory to link it with Aadhaar within the last date. The linking process can be done on the income tax department's e-filing portal or even simply by sending an SMS. You can also check the status of your linking online.

    3) As many taxpayers are yet to interlink their Aadhaar with PAN, the deadline has now been extended for the eighth time by the income tax department. The last date of 31 December 2019 has now been extended to 31 March 2020.

    4) A tax professional said that even many business people are yet to link the two documents as they have certain apprehensions. "Aadhaar number is being used virtually for getting almost all the documents such as passport and voter identity card. Besides, it is required for purchase of properties and vehicles. Many people fear that once they link their Aadhaar with PAN, all their information would be automatically shared with the government," the tax consultant said.

    5) Once the deadline to link PAN and Aadhaar is over, the income tax department will start treating all unlinked PAN cards as "inoperative" ones. This means that your PAN card will not be treated as being in use and you will also not be able to file income tax returns (ITR).

    "Exciting news! Mint is now on WhatsApp Channels 🚀 Subscribe today by clicking the link and stay updated with the latest financial insights!" Click here!

    Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
    More Less
    Updated: 01 Jan 2020, 07:08 AM IST
    Next Story
    Recommended For You
    Switch to the Mint app for fast and personalized news - Get App