Last Updated on December 29, 2021 at 5:16 pm
The Income Tax Department recently announced that it is mandatory to link your Aadhaar with your PAN before December 31st 2019. The earlier deadline was September 30th. Your Pan will become invalid if you do not link! Here is how you can link Pan with Aadhaar.
About the author: Anjesh Bharatiya is a 30+ taxman by profession and a Chemical Engineer by education. He has been an investor in the stock market since age 15! He likes to write about personal finance, stock markets, government policies, taxation, philosophy and football.
Section 139AA(2) of the Income Tax Act requires that every person having PAN as on July 1, 2017, and who is eligible to obtain Aadhaar, must intimate his Aadhaar number to the Income Tax Department.
Join 32,000+ readers and get free money management solutions delivered to your inbox! Subscribe to get posts via email! (Link takes you to our email sign-up form)
🔥Want to create a complete financial plan? Learn goal-based investing? Exclusive access to our DIY tools? Increase your income with your skills? Enjoy massive discounts on our robo-advisory tool & courses! 🔥
If you fail to link your PAN and Aadhaar and the Government does not extend the deadline, your PAN may become inoperative causing difficulties in the filing of income tax returns (quoting and linking Aadhaar is mandatory while filing of return). PAN is also required for availing many other services like opening bank accounts, making property transactions etc. and you won’t be able to do any of these with your PAN inoperative.
Steps to link PAN with Aadhaar
If you are already registered on the Department’s e-filing portal:
- Log in to your e-filing account
- Go to the ‘Link Aadhaar’ option in the ‘Profile Settings’ menu.
- Fill in your PAN, Aadhaar number, name, date of birth etc. Mark ‘I have the only year of birth in Aadhaar card’ if you have only the birth year on the Aadhaar.
- Click on ‘Link Aadhaar’. An OTP will be sent to your registered mobile number.
- Input the OTP and your Aadhaar will be linked to your Pan successfully.
Sometimes, the Aadhaar-Pan linking may fail in the following cases:
- Mismatch in the spelling or different placements of the middle and last name in the PAN and Aadhaar card.
- A discrepancy in the date of birth
- Gender mismatch
In any of the above scenarios, the mismatch needs to be corrected before you can proceed with the Aadhaar Pan linkage. For correction in PAN details, visit the following link and follow the instructions: Online Application for Request for New PAN Card Or/ And Changes Or Correction in PAN Data
For correction in Aadhaar details, refer the following link: Aadhaar Update Service
Once a request for correction is lodged, it may take up to 15 days for the corrected Aadhaar/Pan card to reach you. In that case, you can only hope that the Government again extends the deadline for the Aadhaar PAN linkage.
If you are not registered on the Department’s e-filing portal:
You can either get yourself registered or follow the following steps:
- Click on ‘Link Aadhaar’ on the e-filing website homepage
- Fill in the form shown below
- Once you fill in the form, your Aadhaar and PAN should be successfully linked. In case of failure due to mismatch, refer the steps detailed in the previous section.
How to link Aadhaar with Pan via SMS
To link PAN and Aadhaar through SMS, the name and the registered mobile number should be the same for both the documents. Send an SMS in the following format to either 567678 or 56161:
UIDPAN<SPACE><12 digit Aadhaar><Space><10 digit PAN>
e.g. UIDPAN 123123123123 ABCPD1111E
After sending the SMS, you will receive a message if the linking is successful.
What is the reason behind the Aadhaar-PAN linkage push?
The Income Tax Department has recently unveiled a new ‘Project Insight’ that aims to leverage data from various sources to promote voluntary compliance, deter non-compliance, impart confidence and achieve fair and judicious tax administration. Since Aadhaar is now required or voluntarily submitted for everything from opening/operating a bank account, getting a SIM card, opening a demat account, becoming a Director in a Company etc., this linkage will help the tax administration in tracking tax evaders more efficiently. With increasing clamour asking for linking social media accounts with Aadhaar, this is another avenue from where the Income Tax Department may glean useful data to clamp down on tax offenders if any such linkage happens in the future.
Summary
Since the December 31st deadline is fast approaching, it is imperative that you link your Aadhaar and PAN immediately. The Government may not extend the final date this time and if you are lax this time around, you may be left holding an invalid PAN card. Needless to say, getting a new PAN card and linking it to every bank account, mutual fund folio etc. is a headache best avoided.
🔥Enjoy massive discounts on our courses, robo-advisory tool and exclusive investor circle! 🔥& join our community of 7000+ users!
Use our Robo-advisory Tool for a start-to-finish financial plan! ⇐ More than 2,500 investors and advisors use this!
Track your mutual funds and stock investments with this Google Sheet!
We also publish monthly equity mutual funds, debt and hybrid mutual funds, index funds and ETF screeners and momentum, low-volatility stock screeners.
- Do you have a comment about the above article? Reach out to us on Twitter: @freefincal or @pattufreefincal
- Have a question? Subscribe to our newsletter using the form below.
- Hit 'reply' to any email from us! We do not offer personalized investment advice. We can write a detailed article without mentioning your name if you have a generic question.
Join 32,000+ readers and get free money management solutions delivered to your inbox! Subscribe to get posts via email! (Link takes you to our email sign-up form)
About The Author
Dr M. Pattabiraman(PhD) is the founder, managing editor and primary author of freefincal. He is an associate professor at the Indian Institute of Technology, Madras. He has over ten years of experience publishing news analysis, research and financial product development. Connect with him via Twitter(X), Linkedin, or YouTube. Pattabiraman has co-authored three print books: (1) You can be rich too with goal-based investing (CNBC TV18) for DIY investors. (2) Gamechanger for young earners. (3) Chinchu Gets a Superpower! for kids. He has also written seven other free e-books on various money management topics. He is a patron and co-founder of “Fee-only India,” an organisation promoting unbiased, commission-free investment advice.Our flagship course! Learn to manage your portfolio like a pro to achieve your goals regardless of market conditions! ⇐ More than 3,000 investors and advisors are part of our exclusive community! Get clarity on how to plan for your goals and achieve the necessary corpus no matter the market condition is!! Watch the first lecture for free! One-time payment! No recurring fees! Life-long access to videos! Reduce fear, uncertainty and doubt while investing! Learn how to plan for your goals before and after retirement with confidence.
Our new course! Increase your income by getting people to pay for your skills! ⇐ More than 700 salaried employees, entrepreneurs and financial advisors are part of our exclusive community! Learn how to get people to pay for your skills! Whether you are a professional or small business owner who wants more clients via online visibility or a salaried person wanting a side income or passive income, we will show you how to achieve this by showcasing your skills and building a community that trusts and pays you! (watch 1st lecture for free). One-time payment! No recurring fees! Life-long access to videos!
Our new book for kids: “Chinchu Gets a Superpower!” is now available!
Must-read book even for adults! This is something that every parent should teach their kids right from their young age. The importance of money management and decision making based on their wants and needs. Very nicely written in simple terms. - Arun.Buy the book: Chinchu gets a superpower for your child!
How to profit from content writing: Our new ebook is for those interested in getting side income via content writing. It is available at a 50% discount for Rs. 500 only!
Do you want to check if the market is overvalued or undervalued? Use our market valuation tool (it will work with any index!), or get the Tactical Buy/Sell timing tool!
We publish monthly mutual fund screeners and momentum, low-volatility stock screeners.
About freefincal & its content policy. Freefincal is a News Media Organization dedicated to providing original analysis, reports, reviews and insights on mutual funds, stocks, investing, retirement and personal finance developments. We do so without conflict of interest and bias. Follow us on Google News. Freefincal serves more than three million readers a year (5 million page views) with articles based only on factual information and detailed analysis by its authors. All statements made will be verified with credible and knowledgeable sources before publication. Freefincal does not publish paid articles, promotions, PR, satire or opinions without data. All opinions will be inferences backed by verifiable, reproducible evidence/data. Contact information: To get in touch, use this contact form. (Sponsored posts or paid collaborations will not be entertained.)
Connect with us on social media
- Twitter @freefincal
- Subscribe to our YouTube Videos
- Posts feed via Feedburner.
Our publications
You Can Be Rich Too with Goal-Based Investing
Published by CNBC TV18, this book is meant to help you ask the right questions and seek the correct answers, and since it comes with nine online calculators, you can also create custom solutions for your lifestyle! Get it now.Gamechanger: Forget Startups, Join Corporate & Still Live the Rich Life You Want
This book is meant for young earners to get their basics right from day one! It will also help you travel to exotic places at a low cost! Get it or gift it to a young earner.Your Ultimate Guide to Travel
This is an in-depth dive into vacation planning, finding cheap flights, budget accommodation, what to do when travelling, and how travelling slowly is better financially and psychologically, with links to the web pages and hand-holding at every step. Get the pdf for Rs 300 (instant download)