Most bank customers have provided bank their AADHAAR and PAN both. Now Income Tax department is also requiring linking of PAN with AAdhaar.
If my income is below the taxable limit and so need not file return, will it still be necessary to link aadhaar with PAN. If I don't do so, what will be the consequences. It is said that the returns will be invalid.. But if I don't need to file return, how does non linking aadhaar with PAN affect me. ,
I understand that every one who has PAN and is eligible to get AADHAAR must link PAN with AADHAAR even if he does not file return. We need to intimate PAN and AADHAAR bot to bank. If PAN is not linked with AADHAAR, the PAN will become invalid. this also has consequences. Intimation of invalid PAN to bank is also not legitimate. I have just one minute ago linked bot cards with income tax. This is so simple. Just visit income department portal, click link AADHAAR and fill the details in the window, enter CAPTHA and submit. You will get a message that AADHAAR has been successfully linked. In fact, this process took less time than writing a post in Boddunan.
Read article and correct your GK my friend....also it is almost impossible that I give wrong information on current affairs.
http://economictimes.indiatimes.com/wealth/personal-finance-news/deadline-for-linking-aadhaar-pan-by-itr-filers-extended-to-december-31/articleshow/60309075.cms
@gkajmani