Hello Readers! 

Do you have your PAN (Private Account Number) linked with your Aadhar! If not then we suggest do it fast before 1st April 2021! If you fail to do it on time then Your Permanent Account Number (PAN card) will turn useless from April 1, 2021!!

The last date to link the Aadhar and PAN documents together, is 31st March 2021, till the government’s further announcement regarding the extension for the date again. It is a must note here that the government has extended the last date many times, thus this time there are chances that government does not extend the date further.

If someone fails to link their PAN cards with an Aadhar card, on and after 1st April 2021, their PAN will be declared inoperative and useless. They will not be able to do any financial transaction if your PAN is not linked to your Aadhaar.

Penalty Will Be Charged!!

A penalty of Rs 10,000 may apply as per Section 272B of the Income Tax Act if you fail to link the two documents by the deadline and your PAN becomes inoperative and it will be assumed that your PAN has not been furnished as required by the law.

Why It Is Necessary To Link PAN To Aadhar?

There are many a thing that requires PAN card for their process, and to make these things work out properly one needs to link their Aadhar with PAN card, that too before the deadline else they would have to pay the unnecessary penalty after that.

Opening a bank account, buying mutual funds or shares, and even making cash transactions of over Rs 50,000 are the several purposes for which a PAN card is mandatory.

How Can We Link PAN to Aadhar?  

Well, you can link your PAN with your Aadhar card on your own via three methods, first via ONLINE mode, second via an OFFLINE mode that is manually, and third by SMS service.

Link Your PAN With Aadhar Via Online Mode!!

  • You can go to the income tax department's e-filing portal to link your PAN with Aadhaar.
  • Click on the Link Aadhaar section on the left.
  • You need to fill PAN number, Aadhaar number, and name.
  • Fill in the CAPTCHA.
  • Click at the 'Link Aadhaar' option and your PAN Aadhaar Linking will get complete.
  • The I-T department will validate your name, date of birth, and gender against Aadhaar details after which the linking will be done.

Link Your PAN With Aadhar Manually!!

  • Visit a service center for PAN
  • Fill in a form 'Annexure-I' along with supporting documents - a copy of the PAN card and the Aadhaar card
  • Submit the form.
  • this service is not free of charge like the online mode, individual is required to pay a prescribed fee to the service center.

Link Your PAN With Aadhar Via SMS!!

If you are feeling difficult to link your PAN and Aadhaar using the e-filing website of the department then no need to worry you can do it via sending an SMS. Just pick up your phone that has a number that is registered with your PAN and Aadhar Documents. Type UIDPAN and send it to 567678 or 56161 from the registered mobile number.

Here is the format: UIDPAN (12-digit Aadhaar number) (10-digit PAN) and send it to 567678 or 56161.

If you have not linked your PAN and Aadhar with each other, then do it asap, before you become liable to pay the penalty.

Keep reading for more updates on Mutual Fund Investment!!

For any kind of query you can contact us at Shri Ashutosh Securities Pvt Ltd., we are here to help you in any way possible.

Happy Investing!

(Mutual Fund investments are subject to market risk Illustrations are for example only, there is no guarantee of returns. Past performance is not an indicator/guarantee to future returns).