How to check if PAN and Aadhar are linked and its Importance

How to check if PAN and Aadhar are linked and its Importance

Posted by CA Pankaj Kumar Vats
In: Business
On 9 Mar 2023

Let us first understand, why is it really important to link Aadhar with PAN, on or before 31st March 2023?

Following are the troubles, that may arise, if PAN and Aadhar are not linked

  1. PAN will become inoperative
  2. Income Tax Return can not be filed
  3. Higher rate of TDS or TCS would apply, since the PAN is inoperational 
  4. Even the Higher TDS or TCS, that have been deducted or collected, would not be made availble in Form 26AS and benefit of the same would not be available
  5. Declaration in Form 15G/15H could not be made
  6. No New Bank Account can be opened
  7. No New Debit or Credit Card will be issued
  8. Will not be able to buy mutual fund in excess of Rs. 50,000/-
  9. Single Fixed Deposit of more than 50,000/- can not be made
  10. Small Fixed Deposit less than 50,000/- can be made but subject to maximum limit of 2,50,000/- annually
  11. Will not be able to buy Jewellery in excess of Rs. 2,00,000/-
  12. Investors in Stock Market will be barred from sale and purchase of shares, because non linking of PAN and Aadhar will be considered as KYC issue

Now let us understand that how, we can check if PAN and Aadhar are linked or Not

Step 1: Open the website https://www.incometax.gov.in/

Step 2: Click on the Option “Link Aadhar Status”

Link Aadhar


Step 3
: Enter the PAN and Aadhar Numbers and click on the button “View Link Aadhar Status”


Step 4
: The status will be displayed, in case the PAN and Aadhar are linked, following messege will be displayed

Conclusion:

It is really a very simple process to cross check if PAN and Aadhar are linked and it will not take more than two minutes to check. Further it is really important to verify that PAN and Aadhar are linked to ensure that PAN remains active.

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