Quick Answer: What Is The Benefit Of Linking Aadhaar With PAN Card?

Yes, you can delink Aadhar card from pan card by visiting the ITD office of your region.

Moreover, you can also file a grievance in e-Filing Home Page, Income Tax Department, Government of India to the Directorate of Systems with the same issue..

What happens if PAN card is not linked with bank account?

In case your PAN Card is not linked with a bank account, opening a fixed deposit account, depositing cash more than Rs. 50,000 will not be possible. Moreover, it will also result in TDS getting deducted at 20% if the interest amount of the FD account exceeds Rs.

PAN card is a compulsory Government document which is needed in most of the financial transactions. The Income Tax Department made it mandatory to link bank account with PAN. The main reason for linking PAN card with a bank account is that in case of income tax refunds, it will be credited easily to the bank account.

Can I surrender my PAN card and apply for new one?

No, one cannot cancel their PAN application and apply for a new one. Only if an assessee has been inadvertently allotted an additional PAN, can they make an application request to surrender/modify the additional one.

But in case you are an NRI (non-resident Indian) looking to link your Aadhaar card, you need not worry. As per the government criteria, NRIs do not have to link their Aadhaar for banking, mobile, PAN and other services. Aadhaar is only for residents of India. NRIs are not eligible to get Aadhaar.

To delink Aadhaar, visit your bank or telecom operator and submit a written application for the same. You can also make the delinking request by calling up your bank or telecom provider’s call centre or by emailing them.

How to unlink Aadhaar from Bank?Visit your bank branch.Ask the customer service to give you a physical form to unlink Aadhaar.Submit the form.Your Aadhaar will be delinked with 48 hours.Call your bank to find out if it has been unlinked or not.

g) If the details match, enter your Aadhaar number and click on the “link now” button. i) You may also visit https://www.utiitsl.com/ OR https://www.egov-nsdl.co.in/ to link your PAN and Aadhaar.

As per a directive from the Income Tax Department, it is mandatory to connect your Permanent Account Number (PAN) with Aadhaar card. … People failing to meet the deadline will no longer be able to file their income tax returns and their PAN will become inoperative.

Linking your PAN card with Aadhaar is compulsory if you want to file your income tax return. Section 139 AA (2) of the Income Tax Act says that every person having PAN as on July 1, 2017, and is eligible to obtain Aadhaar, must intimate his Aadhaar number to tax authorities.

What happens if PAN card is not linked with Aadhar?

If your PAN is not linked with Aadhaar by the current deadline of March 31, 2020, then the PAN will become inoperative. An individual having an inoperative PAN will not be able to conduct financial transactions wherever quoting it is mandatory. … Using a non-operative PAN is the same as not having a PAN.

Also from April 1, 2019 it has become mandatory to quote and link Aadhaar number while filing income tax returns unless specifically exempted. According to chartered accountants, an individual cannot file his/her ITR without linking the two first. Here is how you can link your PAN with Aadhaar.

How can I know my Aadhaar card linked with PAN card?

Steps to check PAN-Aadhaar link status: User need to go to the official Income Tax website which is https://www.incometaxindiaefiling.gov.in/ Once you open this, an option “Link Aadhaar” will appear on the left side of the Home page. Upon clicking the option, a page to link both PAN and Aadhaar will appear.