If you have not linked your Aadhaar and PAN to now, then do this work as soon as possible. March 31, 2021, is the last date for Aadhaar and PAN link. If you do not link your PAN-Aadhaar before this deadline, then your PAN card can also be deactivated.
Fines of up to 10,000 may be levied
The Income Tax Department has said that those who do not link PAN and Aadhaar link may face difficulty in the coming days. Such PAN cardholders will not only be considered Non-Pan Holders. But they can also be fined Rs 10,000 under Section 272B of the Income Tax Act.
PAN is necessary for many tasks
Having a PAN card is mandatory for many important tasks like opening a bank account, buying mutual funds or shares, and even doing cash transactions of more than Rs 50,000. However, all such inoperative PAN cards will become operative. Also when the PAN cardholder will do the work of PAN Aadhaar linking. One can do this through SMS.
How to link PAN-Aadhaar card online
To connect the Aadhar PAN through an SMS, an SMS (SMS) has to be sent to 567678 or 56161. In this format, SMS UIDAIPAN (12digit Aadhaar number) space (10 digit PAN number) means if one has Aadhaar card number ABCDXXXXXXXXXX and PAN card number ABCXXXXXXX then SMS format will be “UIDAIPANABCDXXXXXXXXXX ABCXXXXXXX”.