PAN-Aadhaar Alert: If a person does not link his PAN card with his biometric Aadhaar card, he will have to pay TDS at double the rate. A notification in this regard has also been issued by the Central Board of Direct Taxes.
If you are also a PAN card holder then this news is for you. It has been made mandatory to link PAN card with Aadhaar card by 31st May (PAN-Aadhaar Linking Deadline). Strict action will be taken against those who do not do so. One who does so will not face action for under-deduction of TDS.
TDS will be double deducted
If a person does not link his PAN card with his biometric Aadhaar card then he has to pay TDS at double rate. A notification in this regard has also been issued by the Central Board of Direct Taxes. In which he said that many such taxpayers are complaining that they are getting notices of default in TDS deduction where their PAN cards were inactive.
TDS was not charged at higher rate, hence such details are being sought from CBDT. For which CBDT has now said that if Aadhaar card and PAN card are linked on or before May 31, 2024 in accounts related to transactions made on March 31, 2024, TDS will not be allowed to be collected or deducted at the higher rate. will be told.
So will PAN card be discontinued?
Earlier CBDT had asked to link PAN card with Aadhaar card by March 31, 2024. Even now, if a person does not link his card with Aadhaar card on or before May 31, he will have to pay TDS at an additional rate on his PAN card.
The government has taken this decision so that there is less pressure on the organizations collecting TDS. But this discount is only for transactions made till March 31, 2024.
What is the alternative?
Those who have not yet linked their PAN card with Aadhaar card, such people should first link their PAN card with Aadhaar card by 31 May 2024. This is a relief for people who have to pay less tax.
The official website for this is https://www.incometax.gov.in/.
Method 1 (Pan-Aadhaar Link Status Check)
Check whether there is a link with PAN and Aadhaar?
This is an easy way to check linking
For this you have to go to https://eportal.incometax.gov.in/iec/foservices/#/pre-login/link-aadhaar-status : Click here
If you go through the above link, here you have to enter Pancard and Adhaar Card information.
After this will check Pan Card and Adhaar Card Link Status and let you know
Method 2 (Pan-Aadhaar Link Status Check)
Is Aadhaar card linked with PAN or not? How to check?
Check Pan card - Aadhar Link Status : https://www.pan.utiitsl.com/panaadhaarlink/forms/pan.html/panaadhaar
Method 1 (Pan Card Aadhaar Card Link)
Link PAN with Aadhaar as follows:
- Visit the official Income Tax e-filing portal or click on the link - https://eportal.incometax.gov.in/iec/foservices/#/pre-login/bl-link-aadhaar
- After clicking on the link above, here you are
- Enter Pancard and Aadhaar Card details
- Click on the submit button and the verification process will take place
Method 2 (Pan Card Aadhaar Card Link)
Step 1: If you are facing any problem in online linking, you can also link through SMS.
By typing UIDPN UIDPN from your registered phone number, you have to write your Aadhaar Number with Space, then you have to write Pan Number with Space and then send it to 567678 or 56161. (UIDPAN 12-digit Aadhaar 10-digit PAN)
Step 2: Send it to 567678 or 56161
Note:
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