However after the supreme court announcement it is not mandatory to link your aadhar card with mobile. But still Aadhar is a unique identity of oneself belongs to India. Besides, people who have an income source also need to hold a valid PAN card. Even if you have these two documents handy, there is one more thing that you need to consider. It is regarding how to link pan card with aadhar card.
In case you are wondering is it mandatory to link Aadhaar with PAN, then the answer is ‘yes.’ Supreme court has only stated that it is not mandatory to link your mobile number aadhar but still you will required to attach PAN to aadhar, so that your details could be completely fetched when filing income tax. It is not only because your documents will be synchronized better. But there are various other benefits of linking Aadhaar with PAN. In this article, you will read about the top 5 reasons of the same.
Multiple PAN Cards
Having numerous PAN cards is a crime in India. However, still, a lot of people hold multiple documents to conduct fraud. This can only be sorted when you link your Aadhaar card to the PAN card. Stopping people from having various PAN cards is also the reason why this feature is mandatory. Besides, it can even save you from the racket of fake PAN cards that have been created by many different institutions. So, in short, make it a point to attach your Aadhaar card with the PAN card.
Reduce Tax Evasions
Out of the entire population of India, only 3% pay income tax every year. Moreover, this percentage is only related to the wealthy citizens of the whole country. Since tax evasion has become such a big reality of India, it needs to be reduced immediately. For this purpose, you can link your pan card to the Aadhar card. The government will be able to understand whether you are paying income tax as per your monthly earning or not. It will increase the overall number of taxpayers in our country.
Easy Filing Process
Every time one is looking to file tax for the current year they have to give many different receipts. This process can be time consuming and might require a lot of going back and forth. To make the entire tax filing process simple, you can connect it to your Aadhar card. This way anytime when the department wants to know about your tax payment receipt, they can check it with your Aadhaar information. It will make sure that you do not waste your precious time.
Every PAN card needs to be authenticated so that it is considered valid. This status can be achieved by linking your pan card with Aadhar card. By doing so, you will immediately understand whether you have received a genuine document or not. In case the document is not genuine then it will be cancelled. As of now, only one department in the entire country which is responsible for generating PAN cards for the citizens. However, there are still a few misleading and fake PAN card makers around.
Last but not least, the reason why PAN card has been created is so that an individual’s tax information can be observed. By having a valid PAN card and aadhar card details connection, the government will be able to summarize your entire tax information. Even if it is regarding a few years back, you will be able to synchronize the data from the very beginning. In short, it is the most convenient way of gathering all your tax information in one place.
The Bottom Line
By keeping the points mentioned above in mind, you will be able to understand the importance of linking Aadhaar card and PAN card. Apart from these benefit, it will even give you other advantages in the longer run. It is a big step in the future for valid taxpayers.
Author Bio: Aditi Ahuja is a noted financial consultant, adviser and a passionate blogger. As she has worked with several financial organisation for many years, she has extensive knowledge in this sector. She writes on financial affairs, issues and solutions covering a broad range of topics like loans, insurance, investment and funding. Beside these as a blogger she also loves to write on latest news and updates on different topics like, e aadhar card, PAN card, gadgets, housing and infrastructure and other more.