Key Information on PAN-Aadhaar Linking Deadline Today
As the deadline for PAN-Aadhaar linking arrives today, it is crucial to understand the essential details and requirements to complete the process seamlessly. This article provides comprehensive information to ensure you meet the necessary obligations before the closing date. 1. What is PAN-Aadhaar linking? PAN-Aadhaar linking refers to the process of connecting your Permanent Account Number (PAN) with your Aadhaar number, the unique identification number issued by the Unique Identification Authority of India (UIDAI). This initiative aims to establish a strong linkage between personal identification and financial transactions. 2. Why is it important to link PAN with Aadhaar? Linking PAN with Aadhaar is mandatory as per the provisions of the Income Tax Act, 1961. It enables the government to monitor financial transactions effectively and combat tax evasion. Furthermore, PAN-Aadhaar linking facilitates the ease of filing income tax returns, verifying identity, and availing various financi