Vital Reason To Link Your Aadhaar Card With PAN Card

The Central Board of Direct Tax (CBDT) has given a last warning to all Indian citizens for linking their PAN cards to their Aadhaar in order to streamline financial transactions and results in avoiding tax evasion. The Indian government has requested all taxpayers to comply with this rule by March 31, 2023, or else they have to face a Rs 1,000 penalty. If the PAN card is not connected by the expiration date, it will no longer be functional to commence all financial operations.

Some key reasons to link your Aadhaar card with PAN card

Taking advantage of government services

Linking an aadhaar card with a PAN card will allow the users to have the access to various facilities which include the application for processing of new sim card, opening a new bank account, processing a passport, and many more. Linking the aadhaar card and PAN card will result in ensuring complete transparency and accountability in the Indian tax system.

Elimination of duplicate PAN cards

Linking of aadhaar card and PAN card results in the elimination of duplication of PAN cards, which means the user holds a single PAN card and ensures the tracking of their financial transactions smoothly.

Faster processing of your refunds

Linking of aadhaar card with PAN card results in faster processing of all your refunds. The government easily verifies the user identity of the user who is requesting the refund and processes their refund to their account correctly.

Simplifying the tax procedures

Linking the aadhaar card with the PAN card simplifies the tax procedure and helps them in filing their returns without any complexities and time-consuming paperwork.

Prevention from tax evasion

Linking of aadhaar card with PAN card results in preventing tax evasion as the government can easily track the person’s income and expenses resulting in ensuring the person is paying the correct tax amount.

Also Read
Linking PAN-Aadhaar: Last Date, How to Link, Consequences If Failed
Still haven’t linked your PAN and Aadhaar card? Read more – What will happen if you don’t link?

Stuti Talwar

Expressing my thoughts through my words. While curating any post, blog, or article I'm committed to various details like spelling, grammar, and sentence formation. I always conduct deep research and am adaptable to all niches. Open-minded, ambitious, and have an understanding of various content pillars. Grasp and learn things quickly.

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