You live in the digital age and it comes with its benefits. Don't believe me? Just switch on your smart phone and look at the array of apps in front of you. You have WhatsApp where you can send messages, photos and videos to family and friends in seconds. You can also make video calls to your brother who lives in another country. You have the Facebook app where you can connect with old classmates or even the photo sharing app Instagram where you can preserve life's lovely moments in photographs.
You have apps to book bus, train and flight tickets in seconds. Apps which help you select and even book your seats in very good restaurants. Apps which help you pick the best shirts, belts, trousers, vegetables and fruits and even have them delivered at your doorstep. Take a look at the banking apps. You can open a bank account or a demat account, apply for an IPO, check your account balance and even send or receive money from family and friends in seconds.
The digital age also makes it very difficult for you to evade taxes. You have Aadhaar a 12 digit unique identification number issued by the Government Of India to you and all citizens. The Income Tax Department has made it compulsory for you to quote Aadhaar while filing Income Tax Returns (ITR). It is also compulsory for you to link Aadhaar with PAN and mention this while filing your ITR. The good news is you can link PAN with Aadhaar through SMS. Want to know how to do it? Just read on.
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You can link PAN to Aadhaar through a simple 2 step procedure:
STEP 2 : Fill in your PAN, Aadhaar Number and Name as per Aadhaar. Do not make a mistake when filling your name. You then enter the Captcha Code and submit. If you are visually challenged, you can request an OTP. After verification from UIDAI which is the government website for Aadhaar, the linking will be confirmed.
1. Register and login to the Income Tax Department's e-filing website using user ID and password.
2. A pop-up window will appear and prompt you to link Aadhaar with PAN.
3. Your personal details like Name, DOB and Gender will appear just as you have submitted at the time of registration.
4. You have to match these details with the details in your Aadhaar card.
5. If details are fine/match, enter the Aadhaar number and the Captcha Code. Then simply click the 'Link Now' button.
6. A pop-up message saying “Aadhaar PAN linking is completed successfully" will appear.
How to link PAN with Aadhaar through SMS?
The Income Tax Department wants you to link Aadhaar with PAN using the SMS facility. This is really simple. All you have to do is send a message to 567678 or 56161.
Please use the following format:
UIDPAN<12 digit Aadhaar ><10 digit PAN>
UIDPAN 121222332233 AAEAE1589E
So don't waste time. Link your Aadhaar with PAN using the SMS facility.
Why link PAN with Aadhaar?
If you don't link your PAN with Aadhaar it could soon be invalid. So why don't you link PAN with Aadhaar using the SMS facility?
2. Do you want to file ITR?
Do you want to file ITR or apply for a PAN Card after June 30? You better make your Aadhaar Card, if you don't have one. The government has already said that the Aadhaar number or your Aadhaar Enrolment ID number will now be mandatory for filing income tax returns as well as for applications for PAN from July 1.
See Also: how to apply pan card duplicate?
If you are a fraudster looking to trick banks, Beware. Its game over. Earlier, you could use multiple PAN's and get loans from banks and financial institutions. You could default on loans and escape very easily. Not anymore. If PAN is linked to Aadhaar, you will have only a single PAN. You cannot default on loans.
Linking PAN with Aadhaar can be a gamechanger. The tax department has recognized this and given you the facility to link Aadhaar with PAN through SMS. All you need to do is link it. Be Wise, Get Rich.
Mr. C S Sudheer is the founder and CEO of IndianMoney.com – India’s largest Financial Education Company. He started his career with ICICI Prudential Life Insurance and later on worked with Howden India. After his brief stint in Howden India, he moved on and incorporated Suvision Holdings Pvt Ltd which is the sole promoter of IndianMoney.com. He aims to build a nation that is financially literate with investment savvy citizens.
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