PAN Card Not Linked to Aadhaar? Here's What You Need to Know About Penalties

We know that our Indian Government provides new guidelines for Aadhaar-pan card linking accounts. It is compulsory for all people Aadhaar and pan card linking process is mandatory by the Indian Government on 30 June 2023 for secure and better financial transactions. The aadhaar and pan card linking process mainly allows your income tax returns to be processed. We explore the process and penalties after the due date but your pan card is not linked with aadhaar card

Understand Pan Card and Aadhaar Card

Pan Card

A pan card is a 10-digit unique identification number provided by the Income tax department of India. PAN is the identity proof of all Indians. PAN card is used to track the information of our financial resources and enhance our security in financial transactions. It is mainly used for individuals, business entities involved in financial transactions in india. It contains name , date of birth , Father’s name and photograph.PAN card is submitted to all departments as the identity proof.

Aadhaar Card

Adhaar Card is a 12 digit unique identification number provided by UIDAI of India to show the identity of Indian people.Aadhaar card shows the identity proof and address across India. Aadhar is linked with biometrics data (fingerprint and iris scans) and personal information (name, father’s name, address).Making it a unique identification of Indian people.Aadhaar Card is used for the identity proof in all departments or sectors of India. It is used for financial transactions like Aadhaar Enabled Payment System (AEPS).

Why is Pan Card Linked with Aadhaar Card ?

Here, Are the reason Pan Card Linked with Aadhaar Card:

1. Simplifying Tax Filing Process: Aadhaar Pan Linked process simplifies the tax filing process. Now, Taxpayers can verify their tax returns using their Aadhaar number. It makes the tax filing more efficient and fast.
2. Reduced Duplicacy of Pan card: It reduced the possibility of individuals holding multiple pan cards. In the past people had many pan cards and transactions could be made using multiple cards. So , it reduced the duplicate pan card.
3. Direct Money Transfer: The aadhaar-pan card linkage helps to verify the identity of taxpayers that are eligible for government subsidies and schemes. It prevents fraud and ensures the subsidies LPG.
4. Simplification of Financial Services: We can easily access financial services like opening a bank account, buying shares or mutual funds and applying for loans etc.

Aadhar-Pan not linked ,What should be done now?

If you still have not linked the PAN-Aadhaar. Your PAN status will be shown as Active but inoperative and your service recipients will be doing higher tax deductions. No need to worry, you can still link them by paying a fine of Rs.1000, within 7-30 days your PAN status will be Active and operative and you will have all your TDS credits showing in your Form 26AS and you can rightly claim them while filing taxes. The process to link PAN-Aadhaar after the deadline is provided in detail below.

Consequences of not linking PAN with Aadhaar card

The Indian Government had mandated the aadhaar-pan card linked process for secure financial transactions. If you are not linked aadhar to pan card you have faced following Consequences:

1. Deactivation of Pan Card: If you are not linked aadhaar to pan card then you do not use any financial transaction or resources. All departments of the Indian government use the aadhaar to pan card linked accounts. If your pan aadhaar is not linked then you do not access any financial transaction.
2. Inability to file Income tax Return: Aadhaar pan card linking is necessary for filing income tax return(ITR). If you have not linked aadhar to pan card then taxpayers are not able to file their returns.
3. Restriction on Financial transaction: If you have not linked pan card with aadhaar card then you are not able to access any financial transaction. You do not have access for mutual funds or any schemes.
4. Limited Access of government services: All government services or schemes transfer money in aadhar- pan card linked account.Without linked account you can access any government schemes or services.
5. Delay in Funds: You can not apply any pending income tax funds without an aadhaar pan card linked account. It requires valid information and verification through aadhaar and pan card.
6. Legal and Compliances Issue: If you do not link your pan card with aadhaar card then you can face penalty under section 234H of income tax act and you will pay fine of RS 1000.

Why JustPayOn Easy: Aadhaar linked with pan card?

JustPayOn is a leading service provider where you can apply for an online pan card and choose the best platform “JustPayOn”. JustPayOn provides a user-friendly interface and easy steps to apply pancard online. JustPayOn provides all services like pancard online, update pan card, aadhaar-pan card linked.These all services provided by JustPayOn in the easiest way. Aadhaar pan linking process is provided in JustPayOn and you can link your Aadhar card with pan card securely then you access all services after provided by Aadhaar- pan card linked services.

So you can visit JustPayOn for a secure online transaction with an Aadhaar- pan card linked account.

Following features provides by JustPayOn:

1. Seamless transaction
2. Enhanced Security
3. Faster tax processing
4. Benefit of Government services
5. 24/7 support
6. Reduced Tax Burden

Conclusion

In the blog we explore the aadhaar-pan card linking process. The Indian Government had a mandatory pan - aadhaar linked account to use our schemes. So this blog helps to process or consequences of aadhaar- pan card linking process.Still, if you haven't linked your PAN and Aadhaar yet, do it soon to avoid future penalties and other troubles like an inoperative PAN, which restricts your access to essential financial services and government schemes. Otherwise, you can only take advantage of smooth transactions, quicker tax processing, and improved access to thousands of benefits.