You are a citizen of India and have reason to feel proud. The reason...Aadhaar. This is the World's largest biometric ID system. More than a Billion citizens have enrolled under the Aadhaar. Aadhaar is a 12 digit unique-identity number, which has been issued to you and all resident citizens of our country. The Aadhaar captures your biometric data giving you a unique identity.
There's a new rule coming your way. You will have to link Aadhaar to PAN Card by December 31st 2017. What if you don't? Well, your PAN card will be invalid. Why did the Government do this? Many citizens have two or more PAN Cards, which helps them evade tax. The Government wants to put an end to this. The Government wants to weed out fake and duplicate PAN cards. Now, if your Aadhaar is linked to PAN Card, you can have only a single PAN Card.
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Aadhaar captures and stores your biometric data giving you a foolproof identity. It is not possible for you to have duplicate Aadhaar cards.
The system will match your name, date of birth and gender with PAN Card and Aadhaar database. If the details match you get the message "Aadhaar – PAN linking has been completed successfully.”
Let's say the details on your PAN Card such as the spelling of your name, the date of your birth or your gender, do not match Aadhaar details. You must submit an application with valid proof and get the mistakes/details corrected. After you make the corrections, you apply to link Aadhaar with your PAN Card.
You have learnt how to link Aadhaar to PAN. Just link Aadhaar with PAN by December 31st. You are now a proud citizen and you have done your duty, curbing tax evasion in the Nation. Say goodbye to black money and tax evasion. Be Wise, Get Rich.
The research team at IndianMoney.com comprises of certified and experienced professionals who share the company's vision to make every Indian financially literate by equipping every Indian with right and unbiased advice. IndianMoney.com research team provides newsletters, articles, videos and FAQs on various financial products and concepts only to help you make wise financial decisions.
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