Aadhaar Card: Living in India requires a bunch of important documents that we use daily for various tasks. These include a driving license, passport, PAN card, ration card, and the Aadhaar card. Out of all these, the Aadhaar card is the most frequently utilized document in the country.
It’s essential for everything from school and college admissions to accessing government benefits. There are specific situations in India where linking your Aadhaar card is mandatory. If you don’t link it, you might run into some issues. Let’s break down what you need to know.
PAN Card
The PAN card is a crucial document in India, necessary for banking and income tax-related activities. It’s issued by the Income Tax Department, but it’s also important to link your Aadhaar card to your PAN card. Failing to do so could lead to complications, such as your PAN card becoming inactive. Plus, you might end up facing additional penalties later for not linking your Aadhaar.
If you haven’t linked your PAN with your Aadhaar yet, you will stop receiving dividends starting April 1, 2025. Additionally, after this date, the TDS on dividends and capital gains will also rise. Furthermore, you won’t receive any credit in Form 26AS.
Linking your Aadhaar card to your PAN card is also crucial. In India, the Income Tax Department requires this linkage to file income tax returns. This initiative is part of the government’s strategy to reduce tax evasion and simplify the taxation process. By connecting Aadhaar with PAN, it ensures that all tax-related activities of individuals are documented and easily traceable.
Bank Account
In India, nearly everyone has a bank account. Some people opt for savings accounts, while others choose current accounts. A common requirement for all these accounts is the Aadhaar card. Regardless of whether you have a current or savings account, linking your Aadhaar card is essential. If your Aadhaar isn’t connected to your bank account, it will become inactive, meaning you won’t be able to make any transactions. So, it’s crucial to ensure your Aadhaar card is linked to your bank account.
Mobile Number
Linking your Aadhaar to your mobile number is also important. This connection allows you to access various government schemes and facilitates online transactions. It simplifies the verification process and ensures you can handle all your banking tasks without any hassle.
