The Government of India has made it mandatory to link PAN and Aadhaar. If you have not done this work yet, you may have to face many problems.
Problems on not linking PAN to Aadhaar
1 PAN card will be inactive
If you do not link PAN to Aadhaar, then the PAN card will be invalid.
You will not be able to use it for any financial transactions.
2 will not be able to file income tax returns (ITR)
You will not be able to file ITR when PAN is inactive.
You may have to pay a fine by filing late ITR.
3? 3 will be affected by banking and financial services
Will not be able to do big transactions in the bank.
Mutual funds, stock markets and other financial investment will be affected.
The rate of 4 TDS can increase to 20%
If there is no PAN and Aadhaar link, the rate of TDS on your transaction may increase by 20%.
This will have to pay more tax.
How to link PAN to Aadhaar?
Online method:
Income tax department website Go to
Click on the ‘Link Aadhaar’ option.
Enter PAN and Aadhaar numbers and verify from OTP.
The linking process will be completed.
Link to SMS:
Link to CSC Center and link:
conclusion
Not doing PAN-Aadhaar linking may lead to financial and legal problems. So link it now and avoid troubles
