Aadhar Card Pan Card Link: Nowadays, a PAN card is required for any official work. If we do not have a PAN card, then there are many important work stops. We need a PAN card for income tax-related work as well as for banking-related work.
If you do not have a PAN card, then many of your activities may stop. The usefulness of a PAN card can be gauged from the fact that, without it, you cannot go to any bank branch and open an account.
From savings accounts to salary accounts, having a PAN card is very important in today’s world. Not only this, if you file with the with the income tax department or return TDS money, then it is very important for you to have a PAN card.
Therefore, an important rule has been made regarding PAN cards, which is important for all of us to follow. Linking a PAN card with an Aadhar card has now been made mandatory, for which the last date has also been set.
Get important work done by May 31st
It has been told by CBDT that many complaints have been received from the income taxpayers that they are getting notices that there has been an omission in’short deduction/collection’ of TDS/TCS. CBDT said that for transactions done until March 31, 2024, and in cases where PAN should be linked to Aadhaar by May 31,.
Tax deductions will not be considered of any importance in 2024. According to Sandeep Sehgal, Partner-Tax, AKM Global, the circular provides some relief to the taxman in cases where the taxpayer’s PAN is found to be inactive due to a lack of linking with Aadhaar. In such a situation, it is important that you get this work done in time; otherwise, you will have to regret it later after the time has passed.
Know the last date
According to an official, in cases where notices for low deductions have been received due to this issue, users have been strongly advised to avoid them. If you ideally link taxpayers Aadhaar with PAN before May 31, then you will not have to face any problems. Therefore, you can do this work first by going to the public convenience centre.
