As per Finance Minister Arun Jaitly’s lastest Finance Bill for 2016-17, Supreme Court said that every PAN Card and Aadhaar Card Holder have to Link their Aadhaar Card and PAN together. But need to know some Aadhaar Card and PAN Card Linking F&Qs
Finance Minister Arun Jaitley through an amendment to tax proposals in the Finance Bill for 2017-18 had made Aadhaar mandatory for filing income tax returns and provided for linking of PAN with Aadhaar to check tax evasion through use of multiple PAN cards. Even while applying for a new PAN card, it will be mandatory to furnish 12-digit Aadhaar card details. There are currently 112 crore Aadhaar card holders in India and approximately 25 crore PAN card holders.
Aadhaar Card and PAN Card Linking F&Qs :
Why link Aadhaar Card with PAN Card ?
This move is cited to deter Income Tax evasion that happens due manipulative practices like filing ITRs via multiple PAN cards.
Processes of Linking Aadhaar Card and PAN Card?
You can link your Aadhaar card with PAN by visiting the official website of Income Tax Department of India at www.incometaxindiaefiling.gov.in.
Recommended: Simplest Ways to link Aadhaar Card with PAN Card.
You can also send an SMS to 56161 or 567678 from your Registered Mobile Number (RMN) of Aadhaar Card in the below mentioned format:
UIDPAN<12 digit Aadhaar><10 digit PAN>
If Failed to Link Aadhaar Card and PAN Card?
The first impact is that you will not be able to file your ITR after July 1 2017, if you fail to link your Aadhaar with PAN. Secondly, if you do not link or fail to link your Aadhaar card with your PAN card, then your PAN card might be rendered invalid by December 2017. Currently 99% adult population in India is enrolled with Aadhaar and the government deems it possible that every adult will be covered by the end of 2017.
What if don’t have Aadhaar Card?
You can apply for the Aadhaar card and provide the application number as a document proving that you’ve applied for one.