Importance of linking aadhar card with pan card Last date of linking How to check linked card

Eliminates duplicate and fake PAN cards  Linking Aadhaar with PAN helps in eliminating the issuance of multiple PAN cards by the same individual, reducing the instances of fraud and duplication.

Simplifies income tax filing: Linking Aadhaar with PAN streamlines the income tax filing process by automatically prefilling personal and financial information from Aadhaar into the income tax return, making it more convenient for taxpayers.

Curbs tax evasion: The linkage helps in detecting individuals who may be evading taxes by holding multiple PAN cards or underreporting their income, thereby aiding in curbing tax evasion

Easy verification of identity: The linkage enables quick and reliable verification of an individual's identity and reduces the chances of impersonation or misuse of PAN cards.

.Enhances transparency and accountability: By linking Aadhaar with PAN, the government can establish a stronger connection between an individual's financial transactions and their identity, promoting transparency and accountability in the taxation system.

 Availing government subsidies and benefits: Linking Aadhaar with PAN is often a prerequisite for availing various government subsidies, welfare schemes, and financial benefits, ensuring that these benefits reach the intended beneficiaries. – Simplifies financial transactions: Many financial institutions, including banks and mutual funds, require the linkage of Aadhaar with PAN for opening accounts, making transactions, and conducting other financial activities, making the process more seamless. – Compliance with regulations: Linking Aadhaar with PAN is mandatory as per the regulations set by the government and failure to comply may result in penalties or difficulties in conducting financial and tax-related activities. It's worth noting that the importance and benefits of linking Aadhaar with PAN may vary based on the specific regulations and requirements set by the Indian government. Regenerate response

Last Date 30 june 2023 link soon