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Linking your Aadhaar with your Income Tax Return (ITR) is a simple process that can be done online through the Income Tax e-filing portal. First, ensure that your Aadhaar number is updated in the e-filing portal by logging into your account. Once logged in, go to the "Profile Settings" section and select "Link Aadhaar." Enter your Aadhaar number and name as per your Aadhaar card, then click "Link Now." If your details match with the records, the Aadhaar will be successfully linked to your PAN. This linkage is crucial, as it is mandatory for processing your ITR and avoiding penalties.<br>
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How to link Aadhaar with Income Tax Return? All citizens having a PAN (Permanent Account Number) card should link it with their Aadhaar card. The government has made it obligatory for all taxpayers having a PAN card to link it with their Aadhaar card within the deadline. Still, a late penalty of INR 1,000 should be paid before seeking to connect PAN Aadhaar. Therefore, ensure that your PAN card is linked with your Aadhaar card. Still, you can still link your Aadhaar with PAN indeed after it becomes inoperative after paying the necessary fees. In this comprehensive guide, we will look on what an Aadhaar card is and how tolink Aadhaar with Income Tax Return. What is an Aadhaar Card? An Aadhaar card is a unique 12 number issued to every citizen in India by the Unique Identification Authority of India (UIDAI). It’s an identification number that helps access the cardholder’s details from the government database, similar as biometrics and contact information. One individual cannot have several Aadhaar numbers. Any existent, irrespective of age and gender, being an occupant of India, can enrol to gain an Aadhaar number voluntarily. The registration process is free of cost once an individual enrols, their information is permanently recorded in the database. What is a PAN Card? A PAN or Permanent Account Number card is a unique 10-character alphanumeric identifier issued by the Income Tax Department of India to individuals and entities to track financial transactions, especially those that are taxable. It serves as a primary key for the storage of important financial and tax-related information and is essential for various financial transactions and dealings in India. A PAN card is mandatory for individuals and entities that are subject to paying taxes in India. It is required for various financial transactions such as opening a bank account, receiving taxable salary or professional fees, buying or selling immovable property, making investments in securities or mutual funds, and conducting business transactions exceeding specified limits. Check here,how to apply for PAN card? Why link Aadhaar with Income Tax Return? One who link Aadhaar withincome tax returnserves multiple purposes, each contributing to a smoother tax-filing experience and enhanced security; Streamlined Verification Process: • Taxpayers can bid farewell to the hassle of manual verification processes. • • It ensures a seamless and quick verification mechanism, reducing the time and effort required for tax filing. Prevention of Tax Evasion: • • Aadhaar linkage acts as a potent tool in curbing tax evasion and promoting transparency. • It helps the government in accurately identifying taxpayers and detecting any discrepancies or fraudulent activities.
Efficient Refund Processing: • Aadhaar linkage expedites the process of income tax refunds. • • With accurate identification and verification, refunds can be processed swiftly, ensuring taxpayers receive their dues in a timely manner. Digital Authentication: • Aadhaar authentication adds an extra layer of security to the tax-filing process. • • It minimizes the risk of identity theft and ensures that only authorized individuals’ access and file tax returns. Documents required to link Aadhaar with Income Tax Return Aadhaar Card: • • The primary document required for linking Aadhaar with income tax returns is the Aadhaar card itself. • Taxpayers need to ensure that their Aadhaar details are up-to-date and accurately reflect their current information. PAN Card: • The PAN card is anotheressential document for income tax filings. • • Taxpayers must provide their PAN details when linking Aadhaar with their income tax return to facilitate the integration process. Income Tax Return forms: • • Depending on the type of taxpayer (individual, HUF, company, etc.), the relevant income tax return forms need to be filled out accurately. • These forms contain essential information about income, deductions, and tax liabilities. Bank Account details: • • Taxpayers need to provide their bank account details, including the account number, IFSC code, and branch name, for receiving tax refunds and other communications from the income tax department. Mobile Number and Email ID: • • It is crucial to ensure that the mobile number and email ID linked to the Aadhaar card are active and accessible. • These contact details are used for communication regarding income tax filings and related updates. How to link Aadhaar with Income Tax Return? Link Aadhaar with income tax return is a simple and straightforward process. Follow these steps to ensure compliance and enjoy the associated benefits:
Visit the Income Tax Portal: • Access the official website of the Income Tax Department of India. • Login or Register: • • If you’re a registered user, log in using your credentials. New users need to register and create an account on the portal. Navigate to Profile Settings: • Once logged in, go to the ‘Profile Settings’ or ‘My Profile’ section. • Link Aadhaar: • Look for the option to link Aadhaar with your PAN. Click on that. • Enter Details: • • Provide the necessary details such as your Aadhaar number and other relevant information as prompted. Verify OTP: • • After entering the details, you will receive an OTP (One Time Password) on your registered mobile number linked with Aadhaar. Enter the OTP to authentication and verification. Confirmation: • • Upon successful verification, you will receive a confirmation message or email regarding the Aadhaar-PAN linkage. Conclusion In conclusion, link Aadhaar with income tax return is not just a regulatory obligation but also a step towards a more efficient, transparent, and secure tax ecosystem. By embracing this integration, taxpayers can contribute to the nation’s economic growth while safeguarding their financial interests. So, don’t wait any longer. Directly reach out to24efilingand link Aadhaar with income tax return today.