As the government insists that one's Aadhaar account and Permanent Account Number (PAN) should be linked by July 31 this year to pay income taxes, millions of Indians have faced issues with syncing the two accounts due to small differences in how their names are spelt. Individuals struggling to link their Permanent Account Number with Aadhaar. This problem can happen even if there are minor differences in how the name is recorded -- like the use of one's full name in PAN and initials in Aadhaar. Issues have also cropped up due to use of special characters in the initials and punctuation that often form a person's name as Aadhaar doesn't recognize such characters but PAN does.
Finding difficulty in linking Aadhaar card ? We at Moneymindz.com will make it easy for you. Just give us a missed call on 022-62116588 to explore our Free financial Advisory Service.we are not a seller of any financial products. We only provide FREE financial advice so that you are not mis-guided while buying any kind of financial products.
If you don’t link PAN Card to Aadhaar By 31st July then the PAN card will be invalid. Why did the Government do this? Because some people have two or more PAN Cards, which helps him evade tax.
With the linking of PAN with Aadhaar being made mandatory, individuals can log on to e-filing website of the income tax department or NSDL but the seeding cannot happen if the name is differently spelt in the two cards — like the use of the full name in PAN and initials in Aadhaar.
If an individual's name on the Aadhaar does not match his/her name on the PAN card, then the individuals can simply upload a scanned copy of PAN to get the work done.
- A taxpayer can also log in to the Aadhaar website and request for a change in the name which will be verified using a one-time password on the phone number registered with the Unique Identification Authority of India (UIDAI)
- One-Time Passwords (OTP) will be used in cases where there are people who have gotten married and changed their surname. In such instances the tax department will give an OTP option wherein the password would be sent to the Aadhaar-registered mobile number. The tax department, on its part, would match the year of birth of the taxpayer with the Aadhaar database.
- The tax department is also planning to introduce an option on the e-filing portal through which taxpayers can choose to link the Aadhaar without changing the name by opting for OTP, provided that the year of birth of the person matches in both documents.
- The tax department will start educating taxpayers through various media outreach on ways to link the PAN with Aadhaar,
Over 1.08 crore assessees already have Aadhaar-linked PAN, but the number is abysmally low as there are over 25 crore PAN card holders in the country, while Aadhaar has been issued to 111 crore people. As per statistics with the tax department, only six crore people file income tax returns at present.
No comments:
Post a Comment