PAN Aadhaar Linking – Failure to do so to attract higher TDS; Know complete story here
Many banks including the second largest private sector Bank – ICICI Bank have been sending messages to the customers to link it before the deadline ends. It has informed the customers that failure to link PAN with Aadhaar will also attract a higher TDS rate on interest earned and might also impact certain bank transactions where PAN is considered
PAN Aadhaar Linking online – If you have still not linked your Permanent Account Number (PAN) with Aadhaar then you might get in trouble. For income tax-payers, today is the last date to link Aadhaar card to PAN card. If you have not linked your PAN with Aadhaar then you might not just be subjected to a fine of Rs 10,000, you may also end up paying higher TDS (Tax Deducted at Source) on your interest income. Know complete details here!
As per section 139AA of the Income Tax Act 1961, it is mandatory to link your Permanent Account Number (PAN) with your Aadhaar by 31 March 2021. If not linked by 31 March 2021, the PAN provided by you will become inoperative.
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Many banks including the second largest private sector Bank – ICICI Bank have been sending messages to the customers to link it before the deadline ends. It has also informed the customers that failure to link PAN with Aadhaar will also attract a higher TDS rate on interest earned and might also impact certain bank transactions where PAN is considered.
If you have still not linked your PAN with Aadhaar, here is how to do it in 5 minutes.
1. Click on the option 'Link Aadhaar' on the left. Click on 'Click here' to see your status.
2. Click on the hyperlink 'Click here' to see your status. Here, you have to fill your Aadhaar card and PAN card details.
If your PAN card is linked to Aadhaar card then you will see this confirmation "your PAN is linked to Aadhaar Number".
However, if you have NOT yet linked your Aadhar card and PAN card, then click on this link https://www.incometaxindiaefiling.gov.in/home
After this, you have to fill your details. And your PAN card will be linked to the Aadhaar card.
SMS to PAN Card Aadhaar Card Link:
To use SMS service, Aadhaar Card can be linked to a PAN card by simply sending a message to 567678 or 56161.
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05:08 PM IST