All about Linking PAN with Aadhar
Aadhar to be linked with PAN by 30th June:
The last date to link Aadhaar Card and Permanent Account Number (PAN) Link is June 30, 2021. The Central Board of Direct Taxes (CBDT) has announced that for those who will not link their PAN with Aadhaar, their PAN will become inoperative (Sec 234H).
Link Aadhaar and PAN Directly from New Income Tax Website
Step 1: Visit Direct link incometax.gov.in.
Step 2: Click on Our services
Step 3: Enter PAN and Aadhaar Details
Step 4: Enter mobile number
Step 5: Tick on I agree to validate my Aadhaar details
Step 6: Click on LINK Aadhaar
Consequences for not linking PAN with Aadhar:
* Section 206AA: TDSwill be deducted at a higher rate
* Section 206CC: TCS would be collected at a higher rate
* Section 234A, 234B, 234C: Taxpayers will not be able to file their ITRs; Penalty of up to Rs.10,000/- u/s 234F
Whether NRIs are required to obtain Aadhar and link with PAN?
As per Sec 139AA(2), for every person who is eligible to obtain an Aadhaar Card, it is mandatory to link the Aadhaar Card with the PAN Card. Aadhar is not compulsory for a NRI and so NRIs are not required to link PAN and Aadhar.