Link Aadhaar and Pan Card by June 30, 2022 to Avoid Penalty

  • It facilitates seamless tax filing process and connects all accounts together, which minimises the risk of double taxation or tax evasion.
  • It reduces the chances of individuals holding multiple PAN cards.
  • Individuals are exempt from providing any proof of the tax return fillings for any financial year after the linking is done.
  • Linking of PAN with Aadhaar helps prevent the PAN from getting cancelled.
  • By linking Aadhaar and PAN, individuals will get the benefit of creating a tax payment history and retaining it for reference in the future.
  • Applicant’s KYC document (PAN card)
  • Co-applicant’s KYC document (PAN and Aadhaar are recommended, but not mandatory)
  • Business KYC document (Udyam registration, etc.)
  • Last 12 months’ bank statements
  • GST and ITR documents are optional

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