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ಆಧಾರ್ ಪಾನ್ ಕಾರ್ಡ್ ಗಳನ್ನು ಲಿಂಕ್ ಮಾಡುವದರಿಂದಾಗುವ ಲಾಭಗಳು | Benefits of Linking Aadhaar and PAN Cards |

670 views · Published 1 September 2017 · 1:34 · Indexed 28 October 2026

Channel: YOYO TV Kannada · 2017 · News & Politics

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Linking of taxpayers’ Aadhaar number with the PAN card has now been made mandatory by the Income Tax Department. They have to do it latest by today, ie, 31st August, 2017, which is the deadline for linking the two, unless the government decides ti extend the deadline further. If someone fails to do so, then one’s income tax return will not be taken up for processing u/s 143(I) of the Income Tax Act. One will also not be able to take advantage of many other benefits of Aadhaar-PAN linking.
It is already known that there are numerous advantages of having Aadhaar and PAN cards. For instance, apart from helping you in filing your income tax return, your Aadhaar number will also help you in applying for a PAN card and getting pension through the Employees’ Provident Fund. It will also help you get LPG subsidies and avail the benefit of many other social schemes. Aadhaar card has also been made mandatory by the Ministry of External Affairs for availing passport services.
Similar is the case with PAN card which, apart from taxation purposes, is now required for doing so many things, like opening a bank account, at the time of sale or purchase of any immovable property valued at Rs 5 lakh or more or sale or purchase of a motor vehicle, and many other financial transactions.
Apart from these, Aadhaar-PAN linking has its own advantages. For instance, besides helping one in tax filing, it will also help the government curb black money.
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