https://www.desidime.com/discussions/why-do-pan-aadhaar-card-linking-mandatory-this-time-by-31st-march-2023?page=1#post_9152746
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Why do PAN - Aadhar Card Linking mandatory this time by 31st March 2023 ?
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Who needs to link PAN with Aadhaar?
As per a circular issued by CBDT in March 2022, the Income-tax Act makes it mandatory for every person who has been allotted a PAN as on July 1, 2017, to intimate his/her Aadhaar number so that Aadhaar and PAN can be linked. This is required to be done on or before March 31, 2023, failing which the PAN shall become inoperative.
What will happen if PAN is not linked with Aadhaar?
CBDT has said that in case a person fails to link his or her PAN with Aadhaar, the PAN will become inoperative. In such a case, the person will not be able to furnish, intimate, or quote his/ her PAN, and shall be liable to all the consequences under the Income-tax Act for such failure. Some of the major implications of non-compliance are:
- The person shall not be able to file the income tax return using the inoperative PAN.
- Pending returns will not be processed.
- Pending refunds cannot be issued to inoperative PANs.
- Pending proceedings as in the case of defective returns cannot be completed once the PAN is inoperative.
- Tax will be required to be deducted at a higher rate if PAN becomes inoperative.
- Besides these consequences, the person may find difficulties in doing other financial transactions such as with banks, as PAN is an important KYC criterion for these transactions.
Why has SEBI made it mandatory for investors to link PAN with Aadhaar?
Since PAN is the key identification number and part of KYC requirements for all transactions in the securities market, all SEBI-registered entities and Market Infrastructure Institutions (MIIs) are required to ensure valid KYC for all participants.
All existing investors are required to ensure the linking of their PAN with their Aadhaar before March 31, 2023, for continual and smooth transactions in the securities market and to avoid consequences of non-compliance with the March 30, 2022, CBDT circular, as such accounts would be considered non-KYC compliant, and there could be restrictions on securities and other transactions until the PAN and Aadhaar are linked.
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We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
Top Comments
https://www.desidime.com/discussions/why-do-pan-aadhaar-card-linking-mandatory-this-time-by-31st-march-2023?page=1#post_9153992
aniguru wrote:
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Ek dot pe bahut emoji hai.
https://www.desidime.com/discussions/why-do-pan-aadhaar-card-linking-mandatory-this-time-by-31st-march-2023?page=1#post_9153993
aniguru wrote:
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Sharma kahe rahe ho. Khulke bolo. Be proud of what you write on the internet.
https://www.desidime.com/discussions/why-do-pan-aadhaar-card-linking-mandatory-this-time-by-31st-march-2023?page=1#post_9154072
For all demat users right?
And, how to check this now?
@bikidas2060 @guest_999
@malikcool
https://www.desidime.com/discussions/why-do-pan-aadhaar-card-linking-mandatory-this-time-by-31st-march-2023?page=1#post_9154462
MrKool_JJ wrote:Forget about SEBI part, if aadhaar is linked with PAN then nothing else required.For all demat users right?
And, how to check this now?
@bikidas2060 @guest_999
@malikcool
https://www.desidime.com/discussions/why-do-pan-aadhaar-card-linking-mandatory-this-time-by-31st-march-2023?page=1#post_9154472
My friend's pan not link with aadhar, (maybe he give Election Card as a Id proof)
What if he apply for new pan via aadhar card as a proof ...
https://www.desidime.com/discussions/why-do-pan-aadhaar-card-linking-mandatory-this-time-by-31st-march-2023?page=1#post_9154596
Veeer wrote:My friend's pan not link with aadhar, (maybe he give Election Card as a Id proof)
What if he apply for new pan via aadhar card as a proof ...
He will face problem if he has given that pan card any where in bank Or demat etc in the past.
https://www.desidime.com/discussions/why-do-pan-aadhaar-card-linking-mandatory-this-time-by-31st-march-2023?page=1#post_9154653
Veeer wrote:he wont get ... new pan card .My friend's pan not link with aadhar, (maybe he give Election Card as a Id proof)
What if he apply for new pan via aadhar card as a proof ...
https://www.desidime.com/discussions/why-do-pan-aadhaar-card-linking-mandatory-this-time-by-31st-march-2023?page=1#post_9154687
https://www.desidime.com/discussions/why-do-pan-aadhaar-card-linking-mandatory-this-time-by-31st-march-2023?page=1#post_9154710
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https://www.pan.utiitsl.com/panaadhaarlink/form...
Site is down as usual but if you have saved the preview of your ITR(which you should anyway) then check if aadhaar no. is showing there in general details section at the top.
MrKool_JJ wrote:Abhi tak nahi kiya thaa kya. Ab to fine bhi dena hoga 1000 kaa.
How to check it?
Lagta hai ab krna padega...
https://www.pan.utiitsl.com/panaadhaarlink/form...
Site is down as usual but if you have saved the preview of your ITR(which you should anyway) then check if aadhaar no. is showing there in general details section at the top.
https://www.desidime.com/discussions/why-do-pan-aadhaar-card-linking-mandatory-this-time-by-31st-march-2023?page=1#post_9154716
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Thanks..Will check...
guest_999 wrote:Yaad hi ni kya hua h kya nahi ab...
Abhi tak nahi kiya thaa kya. Ab to fine bhi dena hoga 1000 kaa.
https://www.pan.utiitsl.com/panaadhaarlink/form...
Site is down as usual but if you have saved the preview of your ITR(which you should anyway) then check if aadhaar no. is showing there in general details section at the top.
Thanks..Will check...
https://www.desidime.com/discussions/why-do-pan-aadhaar-card-linking-mandatory-this-time-by-31st-march-2023?page=1#post_9154733
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guest_999 wrote:
Abhi tak nahi kiya thaa kya. Ab to fine bhi dena hoga 1000 kaa.
https://www.pan.utiitsl.com/panaadhaarlink/form...
Site is down as usual but if you have saved the preview of your ITR(which you should anyway) then check if aadhaar no. is showing there in general details section at the top.
Check here. It is working
https://www.desidime.com/discussions/why-do-pan-aadhaar-card-linking-mandatory-this-time-by-31st-march-2023?page=1#post_9155273
My dob is mismatch in aadhaar and pan Wil I pay 1k to link it?
https://www.desidime.com/discussions/why-do-pan-aadhaar-card-linking-mandatory-this-time-by-31st-march-2023?page=1#post_9155883
My dad's name in pan and aadhar are different (just by two letters..in pan there's intials, while in aadhar initials are not there)
Due to which I couldn't link them last year..
Now the names are matched in both..
And I'm ready to pay the 1k for linking..
My issue is.. if I pay 1k and proceed with linking both..
What if I face an error again for the name mismatch?
What will be the validity of the 1k receipt that's received after paying 1k?
Pls guide..
TIA
@guest_999
https://www.desidime.com/discussions/why-do-pan-aadhaar-card-linking-mandatory-this-time-by-31st-march-2023?page=1#post_9155889
sujith8786 wrote:My dad's name in pan and aadhar are different (just by two letters..in pan there's intials, while in aadhar initials are not there)
Due to which I couldn't link them last year..
Now the names are matched in both..
And I'm ready to pay the 1k for linking..
My issue is.. if I pay 1k and proceed with linking both..
What if I face an error again for the name mismatch?
What will be the validity of the 1k receipt that's received after paying 1k?
Pls guide..
TIA
@guest_999
I don't think correction in details is counted as linking fresh but wait for others to comment.
https://www.desidime.com/discussions/why-do-pan-aadhaar-card-linking-mandatory-this-time-by-31st-march-2023?page=1#post_9155894
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guest_999 wrote:
I don't think correction in details is counted as linking fresh but wait for others to comment.
It's not linked now bro..
I checked in the income tax website.. it's asking me to link..
My question is..if I proceed with linking after paying 1k..
What if there's any error or any pop up that comes like.. initials mismatch or name mismatch..
If i need to correct them again.. and try linking again.. will the 1k that's paid will be valid for the second time ..or should I again pay 1k..?
https://www.desidime.com/discussions/why-do-pan-aadhaar-card-linking-mandatory-this-time-by-31st-march-2023?page=1#post_9155895
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sujith8786 wrote:It will stay valid. 1k Challan gets generated against your PAN number.It's not linked now bro..
I checked in the income tax website.. it's asking me to link..
My question is..if I proceed with linking after paying 1k..
What if there's any error or any pop up that comes like.. initials mismatch or name mismatch..
If i need to correct them again.. and try linking again.. will the 1k that's paid will be valid for the second time ..or should I again pay 1k..?
https://www.desidime.com/discussions/why-do-pan-aadhaar-card-linking-mandatory-this-time-by-31st-march-2023?page=1#post_9155896
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And if i need to link both pan and aadhar after say.. April 3rd..
The same 1k that I paid will be valid or should I pay again bro?
MrThanos wrote:So if the name correction takes time and if it gets corrected after March 31st..
It will stay valid. Challan gets generated against your PAN number.
And if i need to link both pan and aadhar after say.. April 3rd..
The same 1k that I paid will be valid or should I pay again bro?
https://www.desidime.com/discussions/why-do-pan-aadhaar-card-linking-mandatory-this-time-by-31st-march-2023?page=1#post_9155900
Veeer wrote:My friend's pan not link with aadhar, (maybe he give Election Card as a Id proof)
What if he apply for new pan via aadhar card as a proof ...
Thier system will detect the old PAN and they will put the new application on hold.
https://www.desidime.com/discussions/why-do-pan-aadhaar-card-linking-mandatory-this-time-by-31st-march-2023?page=1#post_9155902
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sujith8786 wrote:
So if the name correction takes time and if it gets corrected after March 31st..
And if i need to link both pan and aadhar after say.. April 3rd..
The same 1k that I paid will be valid or should I pay again bro?
To be honest, I also don't how how they are gonna treat all this mess after 31st March. what will they do to the deactivated PANs. Will there be any reactivation process or they will ask to apply fresh. They may increase the Fees as well. So many doubts.
Btw U have corrected your father's name , right?
If you still have doubts u can cross check that here https://onlineservices.tin.egov-nsdl.com/etaxne...
Sometimes PAN Display name ( printed on card) are slightly different from legal name with CBDT. Because pan application allows to print whatever you want on PAN.
https://www.desidime.com/discussions/why-do-pan-aadhaar-card-linking-mandatory-this-time-by-31st-march-2023?page=1#post_9155909
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MrThanos wrote:Thanks bro.. will do thatTo be honest, I also don't how how they are gonna treat all this mess after 31st March. what will they do to the deactivated PANs. Will there be any reactivation process or they will ask to apply fresh. They may increase the Fees as well. So many doubts.
Btw U have corrected your father's name , right?
If you still have doubts u can cross check that here https://onlineservices.tin.egov-nsdl.com/etaxne...
Sometimes PAN Display name ( printed on card) are slightly different from legal name with CBDT. Because pan application allows to print whatever you want on PAN.
https://www.desidime.com/discussions/why-do-pan-aadhaar-card-linking-mandatory-this-time-by-31st-march-2023?page=1#post_9155999
Rakhi_srikak wrote:My dob is mismatch in aadhaar and pan Wil I pay 1k to link it?
At first go to nearest bank/ adhaar correction centre or cafe change your dob in aadhar then link aadhar with pan ( after your payment u will not be able to link aadhar with pan if dob mismatch )
https://www.desidime.com/discussions/why-do-pan-aadhaar-card-linking-mandatory-this-time-by-31st-march-2023?page=1#post_9156005
https://www.desidime.com/discussions/why-do-pan-aadhaar-card-linking-mandatory-this-time-by-31st-march-2023?page=1#post_9156009
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monu.tanwar123262 wrote:Content has been removed!
Taaki jyada logon ko ease of transaction ho. One can even set transaction limit, with daily/monthly refresh. Uske baad bhi agar log buddu ban rahe toh galati wo bewakoof kaa hi hai.
https://www.desidime.com/discussions/why-do-pan-aadhaar-card-linking-mandatory-this-time-by-31st-march-2023?page=1#post_9156108
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bikidas2060 wrote:idhr baat gareeb uneducated logo ki ho rhi h, jinko pta he nhi h aise bhe paise cut ho skte hai account se, if we lost our card we will block it instant in many ways , woh log bank branch jaane ki sochte hai.Taaki jyada logon ko ease of transaction ho. One can even set transaction limit, with daily/monthly refresh. Uske baad bhi agar log buddu ban rahe toh galati wo bewakoof kaa hi hai.
https://www.desidime.com/discussions/why-do-pan-aadhaar-card-linking-mandatory-this-time-by-31st-march-2023?page=1#post_9156162
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monu.tanwar123262 wrote:
idhr baat gareeb uneducated logo ki ho rhi h, jinko pta he nhi h aise bhe paise cut ho skte hai account se, if we lost our card we will block it instant in many ways , woh log bank branch jaane ki sochte hai.
Baat sahi hai. But tap to pay feature toh blocked hota hai naa by default. Ye Mera guess hai. Galat bhi ho sakta hun.
Dekhiye ye Mera sister kaa tata neu card hai. Parson hi approve hua hai. Contactless tap n pay feature by default blocked hai. 🙂
https://www.desidime.com/discussions/why-do-pan-aadhaar-card-linking-mandatory-this-time-by-31st-march-2023?page=1#post_9156172
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bikidas2060 wrote:now days they disable by default phle aisa nhi thaBaat sahi hai. But tap to pay feature toh blocked hota hai naa by default. Ye Mera guess hai. Galat bhi ho sakta hun.
Dekhiye ye Mera sister kaa tata neu card hai. Parson hi approve hua hai. Contactless tap n pay feature by default blocked hai. 🙂
https://www.desidime.com/discussions/why-do-pan-aadhaar-card-linking-mandatory-this-time-by-31st-march-2023?page=1#post_9156183
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monu.tanwar123262 wrote:
now days they disable by default phle aisa nhi tha
Ok ji
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Check here. It is working
https://eportal.incometax.gov.in/iec/foservices...
He will face problem if he has given that pan card any where in bank Or demat etc in the past.