From July 1st ie today linking Aadhaar with PAN is mandatory.
It is not only simple process but also provided multiple facilities to do this.
The government mandated to link Aadhaar with PAN in order to avoid individuals using multiple PAN’s to evade taxes.
The government quoted that Aadhaar ID is a must at the time of application of PAN.
Finance Minister Arun Jaitley has made 12 digit Aadhaar mandatory for filing income tax returns and linking PAN with Aadhaar to check tax evasion through use of multiple PAN cards.
Already 2.07 crores tax payers have linked their Aadhaar with PAN .
There are 25 crores PAN card holders in the country and Aadhaar has been issued to 111 crores people.
Here is the procedure to link Aadhaar-PAN via SMS
For all assessees whose name given in the Aadhaar card and PAN card are identical, a simple SMS-based facility is provided to achieve the linking. Such assessees need to send an SMS to 567678 or 56161 in the following format:
UIDPAN<SPACE><12-digit Aadhaar><Space><10-digit PAN>
However, in case of assessees whose names given in the Aadhaar and PAN cards have a “minor mismatch”, according to the Income Tax Department, the linking can be achieved using an online facility.
A facility available on the Income Tax Department’s e-filing website.
The taxman has given steps to carry out this task through the portal.