The authorities has brought a major trade in PAN card policies. Beginning July 1, 2025, the Aadhaar card has been made obligatory for making use of for a PAN card.
Without Aadhaar, you may not be able to reap a PAN card. Plus, present PAN cardholders have to link their PAN with Aadhaar through december 31, 2025, to avoid their PAN turning into inactive from january 1, 2026. Right here's what you want to realize
PAN Card: a completely unique identification wide variety
A PAN card is a 10-digit alphanumeric identification wide variety issued with the aid of the earnings Tax branch. It is critical for numerous financial activities, along with submitting income tax returns, beginning a bank account, and investing in the stock marketplace. In case you do not have a PAN card, you may attain it in mins through the profits Tax department's e-PAN provider.
New rule for PAN Card packages
The vital Board of Direct Taxes (CBDT) has delivered a new rule, making Aadhaar verification obligatory for brand spanking new PAN card packages. To any extent further, PAN card applications could be taken into consideration valid most effective whilst the applicant's Aadhaar number is registered and confirmed online. This decision pursuits to increase tax compliance, prevent duplicate PAN playing cards, and sell digitisation. Present PAN cardholders have to hyperlink their PAN with Aadhaar by using december 31, 2025, to avoid penalties and ensure their PAN remains active.
New PAN utility Rule: What you want to recognise
The method of making use of for a PAN card has modified. Formerly, you failed to need to provide your Aadhaar range to get a PAN card, and it could be made with just an identity card and beginning certificate. But, with the new rule.
You'll want to offer your Aadhaar quantity to apply for a new PAN card.
Your Aadhaar will be verified through an OTP (One-Time Password).
With out this verification, your PAN card application may not be processed.
The whole method is now to be had on line at the profits Tax department's e-filing portal.
Current PAN Card Holders: Linking Aadhaar is a have to
If you already have a PAN card and have not related it together with your Aadhaar, right here's what you need to realize.
You have until december 31, 2025, to hyperlink your PAN with Aadhaar.
In case you fail to hyperlink by way of this date, your PAN turns into "inoperative".
Behind schedule linking may additionally attract a excellent of Rs 1,000.
Once your PAN becomes inoperative, you may face regulations on:
Filing profits Tax Returns (ITR)
Carrying out financial transactions like banking and mutual fund investments.
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